Housing / Real Estate Questions
Helping kids out with down payment on first house.
We would like to lend out kids $20,000.00 as a down payment on their first home so that they can...
Refinancing
Terry, my wife and I have a mortgage at 8% and we've tried to refinance. We were wondering if you...
Lower Mortgage Payment
Terry, I closed on my new home in 8/2008 and refinanced in 7/2010 to lower my interest rate from 6%...
mortgage modification – stop making payments to qualify for HARP?
I'm 69 in September. owned my house 31 years. Husband died 2008, daughter 2013 leaving me 11 year old grandson...
Use the money for a down payment?
I had a little over four thousand sitting Charles Schwab account earning 00.1percent so I decided to take those funds...
Refinancing an interest only mortgage
What is your advice in finding out the best avenue for refinancing an Interest only mortgage? (Yes Variable Rate) Terry...
MORGAGE RATE
HELLO I AM NEW HOME OWNER FOR A YEAR NOW AND MY ENTREST RATE WAS 3.75 WAS THAT A GOOD...
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...
