Housing / Real Estate Questions
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...
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...
