Housing / Real Estate Questions

Payoff my new mortgage or use mortgage money to invest and pay down mortgage?

I just sold my house for $333K and purchased a new condo for $310K. My new mortgage is $248K at..

Overdrawn escrow &; mortgage payment

I really messed up & didn’t pay attention to a huge property tax increase last year. My mortgage company has..

paying off a home mortgage early

I have a 15 yr mortgage that I’d like to get a rough estimate of what I might have to..

Selling a investment property 3 flat that I own for retirement.

Hello Terry, My wife and I own an investment property 3 flat near Wrigley Field. We’ve owned it for 45..

Reverse mortgage

We are 76 and our house is paid off. What do you think of reverse mortgage? We have credit cards..

Mortgage escrow

New company requires min escrow balance of $4500, is this legal since we did not agree to it?

Pay down 3% mortgage?

We have a 30 year fixed mortgage of $270,000 @3.125%. We have only been in our home 2 years after..

Paying down mortgage principal vs investing

Hi Terry, I’ve heard your answer to this question before. I’m 69 years old. Let’s assume a mortgage rate of..

Best way to finance a large home improvment project

Hello! We are looking at adding a 3 season room on to our home. We have wanted to do this..

Mortgage Interest Rates

Hello! Our current mortgage has a 5.125% interest rate. We’re looking to sell…but rates are 7%+. What should be the..

Divorce in Illinois — house/mortgage?

My daughter is going through a divorce and needs to refinance her house. Her present mortgage is 3.5% and current..

Home loan interest rate

What is the current interest rate for a home loan. My grandson is 31 and is looking to buy his..

Mortgage

Is it best to pay off a home mortgage early or continue to pay a 30yr term?

HELOC or Home Equity Loan

Good afternoon I live in GA and have a couple of questions please. I’m trying to get renovations done on..

Need cash for home repairs

Hi, i need about 5k to 10k for some home improvements. House is paid off. Is it best to withdraw..

High interest Home line of credit

Two years ago, I took out $100,000 line of credit from a Bank at variable rate tied Fed rate. It..

Mortgage payoff

Terry, we have lived in our home for 19 years. We are in our 80’s. My question, our balance on..

Mortgage Rates

Hi Terry, we’ve just begun a VA cash out refi application and haven’t locked in a rate. Under the current..

Transfer Home to Kids

We own a home in Indiana. What is the easiest way to transfer ownership to our kids? Is there a..

reverse mortgage

So Terry. Im confused about reverse mortgages. Since I am elderly and interested in a little more income, can I..

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