Housing / Real Estate Questions

Dad’s Reverse Mortgage

My dad had did reverse mortgage. He is now deceased and left me a Land Trust. My question to you...

reverse mortgage

I've seen commercials for reverse mortgages and I've called a few but some don't want to finance a home appraised...

Loan Modification

Hello Ms. Savage, Even though I'm using a lawyer for my loan modification, I'm very curious of what KEY Points...

How much to spend on home repairs?

We just did a refi on our home & the Insurance company is asking us to do certain upgrades in...

FHA Loan and a Reverse Mortgage

I am 79 and took on a FHA 3% loan with my two grandsons. The three of us are on...

Best borrowing option

I have inherited property that I would like to turn into a vacation rental home. It needs upgrading. Is it...

Reverse Mortgage on a Condo?

Can we get a reverse mortgage on a condominium? It is the primary residence. Thanks Terry Says:  Yes!  For more...

HELOC loan and retired

WHY DO YOU ALL ASSUME THAT A HELOC IS THE SECOND LOAN ON THE HOUSE. THE GOVERNMENT CONTINUES TO IGNORE...

Reverse Mortgage FHA?

Do all reverse ,mortgages have to be HUD or FHA approved Terry Says:  YES -- any reverse mortgage you want...

Mortgage refinancing

I want to refinance my mortgage so I can lower my payment and use that money to pay off other...

real estate IRA

my husband purchased a house using money from his investments to purchase a house in a real estate IRA??? We...

Bad Credit Rating hurts Apartment Hunt

Hi Terry, My husband and I have our home in short sale, we are looking for an apartment. My husband...

VA Loan Eligibility

I was in the Army Reserve for 6 years with an honorable discharge. Am I eligible? Terry Says:  Yes, as...

Texas first time home buyers

Is there a comparable program in Texas to ihda.org? Terry Says:  OK,, folks -- now that I've mentioned these kinds...

VA Loans can be “assumed”

I think in this environment you should have added the all VA loans have an assumption feature. That could add...

Refinancing a VA loan for older veteran, needs nursing care

My husband is a Korean Vet Originally bought house on VA loan in 1968. Retired firefighter Free and clear now....

VA loans &PMI

Read article on VA loans in local paper. If i read this correctly you wont have to pay pmi with...

VA mortgage.

I read your comments on VA loans today. I am a vet, with an honorable discharge, and live with my...

buying a first home

My husband & i are trying to buy a home.Both our credits are not good, b/c we dont have any.What...

mortgage

We bought our house at the top of the market, put 50000 into it by finishing the basement and adding...

money

ASK TERRY

a personal
finance question