Housing / Real Estate Questions
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?
Parties to a trust
Can a trust be created between a unmarried couple , living together on jointly owned real estate. One man and..
Appraiser went MIA for 5 days after due date, then turned in a low appraisal, then disappeared again. Help!
As a lender, we are subjected to using the appraisal company assigned. Our appraisal was ordered on March 29, completed..
removing a person off my mortgage
I quick claim my property to someone six years ago to prevent losing it and am now requesting her name..
Pay off house
My husband and I are retired and living comfortably. We owe 87,000.00 on our home. My husband wants to pay..
Financial help for first time home buyer
How can the "athomeillinois program" be helpful to a first time home buyer having trouble coming up with a down..
Mortgage
A few months ago I heard you talking about a bank giving free money to home buyers because of something..
Using existing property as collateral for a second investment property
Hi Terry, I currently own an investment property that I rent out. It's a house in a nice western suburb..
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..
