Housing / Real Estate Questions
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..
Credit impacts mortgage refi
I'm attempting to refinance my mortgage and need to raise my score a few points to meet the required minimum...
Reverse mortgages
Terry, i’m 77 years old. I have 4 adult children, of which, 2 have their own homes, 1 is buying..
Home Equity Line of Credit
How is it possible to refinance a loan when debt to income is not what banks want, even though home..
401k Borrowing to buy home
I’m considering borrowing $25000 from my 401k to purchase a home. I plan on selling my condo and paying off..
Reverse mortgage for second home?
Hi Terry. Could a reverse mortgage be used for a second residence? We have most of our extended family here..
Buy or rent vacation home
I own a home in Illinois and would like to move to AZ for the winter. I can afford to..
Senior Homeowner Exemption
What exactly qualifies someone for a senior homeowner exemption? Is it simply the age of 65 or does it have..
should we buy or rent in our 50’s
my husband and i are in our early 50's and neither of us are in stellar health, he has diabetes..
Reverse Mortgage with Younger Spouse
I'M 74 yrs. old,and was wondering if a reverse mort. is a good thing? My home is paid for and..
Your Reverse Mortgage column — Thanks from an RM consultant!
Hi Terry, I've enjoyed your column very much over the years. I was pleasantly surprised this week when I read..
Money for first time home buyers or qualified buyers. Can’t remember
My daughter and her new husband are getting ready to look for a home. Awhile ago I heard you on..
commercial real estate income funds
Financial Planner Jordan Goodman was recently on WGN’s Steve Cochran’s radio show recommending commercial real estate income funds. It sounds..
reverse mortages
Update on Reverse Mortgages, R.V. Good or Bad?