Housing / Real Estate Questions
Property tax exemptions while in rehab care outside the home
If my parent does not occupy the home due to disability or care need at this time or any time...
Include car payment into mortgage?
Hi Terry I was caught in the housing market crash of 2008 & had to file bankruptcy to save my...
Taxes and other financial implications of renting my condo in Chicago
Hi Terry! I'm thinking of renting out my condo in Chicago. I was wondering about the tax implications or any...
Refinance to 15 year?
We just refinanced our home with a 30 year 2.99% rate. We owe $227,000.00. Our payment is $1700, but I...
Reverse Mortgage
thinking of reverse mortgage am 66 years old owe 40;000 home worth 125;000 any red flags I need to know...
refinancing mortgage in your sixties
Hi! My parents are 61 and 66 y.o. & are wondering if refinancing their mortgage is a good idea. They...
Home refinancing
Hello Terry, I recently lost my job and my husband and I decided that the best thing to do is...
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...
