Housing / Real Estate Questions
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...
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...
