Housing / Real Estate Questions

Mortgages –How do I compare?

What questions should you ask a potential mortgage lender?

Reverse Mortgage

Have been advised to take out 'perverse' mortgage' to pay for 1/3 of house stuck in trust... have apprehension want..

Pay off mortgage with 401k withdrawal?

60 years old facing impending downsizing...over $600k in IRA/401k jointly. $100k mortgage...would it make sense to pay off mortgage with..

HARP or HAMP — please help!

I am confused on HAMP and HARP I would like to refinance my home mortgage, I have not missed any..

foreclosure on ex-wife impacts her son

My son gave his wife the house in their divorce but her credit was too awful so the mortgage stayed..

1st Purchase Home Mortgage

My 29 year old daughter is looking to buy her first house. She is wondering if she should pay off..

what to do with vacant land

I purchased some land outside of Tucson in the 60's and the taxes were nothing for many years however they..

Refinance mortgage at lower rate or pay down current loan?

We own a condo and owe about $100k on our current 30 year fixed mortgage (5.125% interest rate) and would..

Government Grant

Terry, what's the best official website where I can do research on acquiring a Federal Government grant for property devevelopment?

mortgage with low credit score?

We live in Brookfield and have our home paid off and would like to move. Our house is not worth..

senior property tax freeze in cook county

My neighbor's house was misclassified for 50 years as a two story with full basement when in reality her home..

Refinance Mortgage?

I am in the 8th year of a 30 year mortgage @ 4.5% with 85K remaining to be paid. Would..

irrevocable trust for home

What are the pros and cons of placing a personal residence in a trust? Terry Says:  You titled your question...

First Time Home Purchase With Settlement Money

I have a question on this. I have decided to take half of my divorce settlement 26k after a year..

Paying off equity line of credit (second Mortage),

Terry, I had a $50,000 (elc). I've paid it down to $11,000. The bank caught me at a bad time...

Closing Fees & Attorneys

I just received and accepted an offer on my single family home. I have 4 days to find an attorney...

Reverse mortgage for Mom?

My mom is 76, and she is running out of money. She feels like she needs to sell her house....

Home Equity Line of Credit or Mortgage — pay which first?

Hi Terry, We owe 100,000 on our home. We just took a variable rate {4.24%}Home equity line of credit for...

Reverse mortgage impact on senior med program?

We own our home. Have no debts. Payoff our charge cards monthly. Our only income is Social Security. My husband...

Heloc — wait to repay or now?

My heloc matures in February 2020 and I have a balance of $10,200.00. I understand rates are going up and...

money

ASK TERRY

a personal
finance question