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..