Housing / Real Estate Questions

Two houses, little cash!

I am retired and currently have 2 mortgages that I pay for. I do have a savings that would allow..

Reverse Mortgage for us?

How does reverse mortgage work? My husband turns 64 this month and we have a 30 year fixed. Our balance..

FUTURE MORTGAGE

TERRY, CURRENTLY NEARING RETIREMENT IN 6 YEARS, HOUSE WILL BE PAID OFF IN ONE YEAR. QUESTION IS DO I MOVE..

Real Estate Taxes

I live in Jefferson township in Cook County I have three exemptions but my home went from $300840 to 380070..

Elderly parent – Reverse Mortgage and Credit Card Debt

Hi Terry, My 86 year old mother took out a Reverse Mortgage, now held by Champion, 13 years ago. Her..

Selling my rental.

I lost my job in 2007 due to massive layoffs. I moved to Tulare Ca and within a year and..

Rental Property and taxes

On rental property when I due repairs on that rental house, how much do I actually get to deduct from..

Tax discount for people in SSI. Disability

We used to get a discount on our property taxes because I am on disability. Did this expire,or do I..

HELOC

I am a retired police officer who had a heloc with bank America and closed in a trust (CTLTC )paid..

Buying a condo

Hello Terry, I am considering purchasing a condo in Chicago. I am 1st time home buyer with a fair credit..

Paying off a home equity line of credit

I currently have a home equity line of credit I took out to buy a mobile home in Florida. I..

Late on Property taxes

Hi terry my husband and I own a home in Illinois we have no mortgage our house is paid off,..

Pay off Mortgage or invest?

This is a follow up for my question on 4-18 should a pay 50,000 from my savings on my mortgage..

Retroactive Exemption

Terry, My husband and I were not aware that we were eligible for a Tax Freeze for 2017, and have..

Property Tax Assessments Assessed Value went up a lot with no comps

Dear Ms. Savage, I hav seen your segments on WGN many mornings and I thought I would reach out with..

PAYING OFF PARENTS PLUS LOAN WITH SELLING A HOUSE

We have $50,000 in parent's plus loan (recently refi to SOFI) per you suggestion. We are selling our house and..

HELOC interest deductible?

Terry, I check your site every day and love your advice and guidance, but, I wanted to follow up on..

Home equity interest deductions

With the new tax changes, can I deduct my interest on my existing home equity line that was used for..

Divorce/property

Hi, I own a building with my husband for 10 years, we are still breaking even but our divorce is..

Capital Gains on Sale of Home

If I sold my house but wanted to buy a house much smailer and less expensive home for retirement do..

money

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