Housing / Real Estate Questions
Homeowner exemptions and senior “freeze” on property taxes
Can I get more then 1 Senior real estate tax exemption ? Can I send in Senior citizen exemption and...
If I owe on taxes because of sale of home
My husband 69 and myself 66 sold our home of 44 years. We paid 110 sold it for 490,000. We...
Homeowners tax exemption
How far back can i claim my home owners tax exemption? Thanx Terry Says: There are several forms of exemptions,...
taxes on capital gains
my taxable income for 2015 was $63,061.37; and I sold some long term real estate for $125,000. do I have...
Home buying before or after retirement
I've been researching the issue of whether to purchase a home before I retire or wait to after? I have...
selling my house for cash
I want to sell my house valued at around 150,000 for cash am I able to do that if I still owe ...
adjusted basis record keeping
My wife and I paid $45000 for our home and have made $50000 in improvements(let's assume they all qualify). Since...
split mortgage 80/20
My daughter purchased a condo. Bank did a 80/20 mortgage. her 1st one is with the bank she uses and...
Income Levels – – – Senior Living Communities
I am a single retired individual and have been looking at the possibility of moving to a senior (over 55)...
Selling a House Now
Hi Terry, I just heard your segment on 720AM in Chicago and I have a question that I hope you...
Investment after sale of family farm
We sold our family farm, I received $216K. I paid off credit cards and bills, I put money into my...
REVERSE MORTGAGES
Approaching the age of 62 in May, and may be interested in applying for a reverse mortgage.I sent for information...
Pay Off Our Mortgage?
Hi Terry, My wife and I are both 30 and recently married. We have no debt other than a couple...
Reverse Mortgage
My husband is considering it. Is it a good idea or not? Terry Says: I'm a big fan of reverse...
As a single senior, rent or buy a residence?
I am a single young (67) senior who recently sold a home that I knew would require significant near-term upkeep...
Mortgage Documents
Where or how can I get a copy of your 5 Things to know about mortgage documents that I can...
bi-monthly and / or extra toward principle?
If I borrow, say $50,000 for 15 years at 4.74%, what makes for the quicker payoff? Paying monthly but adding...
borrowing from retirement plan for down payment?
Hi Terry I'm in the market of buying a house. I have been preapproved of a purchase price of 250,000....
Taxes on paying off mortgage
Terry, I am 67 want to pay off mortgage with a IRA Matured CD. Do I have to pay taxes...
Escrow
Refinanced in 2013. Ocwen Mortgage bought the contract. They raised my monthly payment by $160 a month.said I was behind...
