Housing / Real Estate Questions
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...
Mortgage refinance
In 07-08 I was fighting stage 4 cancer. Thank God survived. Went back to a great job but they then...
HELOC and death of husband
My husband recently died at age 54. We have a HELOC with Chase Bank that became due just before his...
Upside down property… What to follow?
I lost my job in 2013 and my husband took on my debt. Our home was once worth $315,000 but...
Heloc
I have $30,000 HELOC I have no other debt I make $90,000 a year I am 55 years old I...
FHA removal notification
I just received a letter advising that I could remove the FHA mortgage insurance. The letter says my house is...
Pmi
I still have pmi insurance on my mortgage however since I purchased my home as a foreclosure and the market...
Kudos Terry ” 5 things to know about mortgage documents”
You start out the article stating "Your home is likely the most expensive purchase you will ever make". GREAT JOB!!...
Mortgage payoff?
Hello, Terry. First, I ALWAYS enjoy your segments on WGN. Thank you for volunteering your advice. I have often heard...
Special Assessment on Rental Condo
Hi Terry- I have a condo that I rent out in Florida and there was a $10K special assessment passed...
Sell my townhome?
I am single and 10-15 years from retirement. My townhome will be paid off next month. Should I sell it,...
Refinancing
Terry, I have approx $75,000 Remaining on my mortgage at 5.5 per cent; however I also have about $40000 in...
Mortgage — adjustable rate
My ARM is at 3.50% and is due May 2020. I plan on selling my house by then . Should I...
reverse mortgage on death of a spouse
we have a reverse mortgage...I am 65 plus...wife is under 65, If I pass does she get to keep the...
