Housing / Real Estate Questions
Refinance for lowere interest rate
I have a rental property that is underwater(worth 122,00 and owe 133,00) I would like to refinance to a lower...
getting a mortgage from my paid off house to invest
Hi Terry I paid cash for my house and I have a financial planner,he told me to take out a...
selling rental property
My husband and I are retired and have a rental condo unit that we would like to unload. It has...
Gift giving for child’s home purchase
We want to give 10 thousand dollars to our daughter to purchase a home. Is a gift tax free and...
Mortgage Rates For Older Veterans
Hi Terry, I am an older Veteran who served in the military in the late 60's, Do I qualify for...
2nd mortgage for vet.
My son has a home. He is a desert storm vet. He has been able to get his main motgage...
first time homebuyers – mortgage ?
My daughter is getting married and they want to buy a house - first time home buyers - what mortgages...
Selling my house
I am thinking of selling my house. My son replaced all the kitchen appliances with stainless steel ones. .. not...
Recession: Renting out my house. Sell in 2015 or wait ?
Hi Terry, Due to job loss, income & medical issues I have been renting out my house for 2 years....
How to convince my mom to sign a promissory note?
Hi Terry, How do I convince my mom to sign a promissory note? I'm buying her part of the share...
home mortgage pay off
Hi - What is the best way to pay off my mortgage early? I currently have a 30 year fixed...
Financing for Mobile Home
Can you please give me advice on how to get financing for a mobile home that will be in an...
Commercial Mortgage Bridge Loans
I heard a financial planner on WGN talk about the above bridge loan which returns 6% on a one year...
home equity enough for refi?
HI Terry. I owe 30000 on home equity. My mtg. Is 230000. The bank wont let me refinance mtg. And...
2nd property paid for but want to invest in rehab
A second property is fully paid for. We can't borrow against our primary residence to pay for $75,000 rehab. Should...
Reverse Mortgages — how to get counseling
I read your article in Sunday's Tribune about Reverse Mortgages, good article. The article says that the government requires you...
Reverse Mortgage — balance of equity on death.
Will the remaining principal balance on my reverse mortgage go to my listed relatives?? Thanks....Leslie B. Terry Says: Once the...
HECM for purchase
What is your opinion of HECM for purchase ? Thank You Terry Says: While most RMs are used to allow...
reverse mortgage when selling a home
After reading your article in the Baltimore sunpaper I,m curious about how you would see a reverse mortgage working in...
Reverse Mortgage with spouse under age 62
If one spouse is under the age of 62.,can that spouse to qualify the other spouse ,and owner of property...
