Housing / Real Estate Questions

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..

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..

money

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