Housing / Real Estate Questions
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...
Reverse Mortgage — what can I get?
I enjoyed your resent article "5 things to know about reverse mortgages in the Commentary column of the Business section...
Reversed mortgage in Sundays Sun Sentinel
Please let me know who the lender is that helped your dad with his reverse mortgage. Thanks, Sheila Terry Says: ...
Capital gain on land sale.
Terry, I recentley sold rental property, what can I do to keep from getting taxed on capital gains for the...
Reverse Mortgage balance growing
I have had a reverse mortgage for the past 8 years. Since that time the real estate value of my...
follow up on your answer re my mortgage
I am stuck.I cant refinance my mortgage and home equity. That would be 280000. The bank said no.So should I...
home equity loan
Would it be a better move to pay off a home equity loan from our investment money? The loan (used...
follow up on previous question
thank you for your answer.. I will pay down my home equity $30,000. it will take about a year.I have...
Re mortgage — paydown before retirement, or not?
We owe $30,000 on our home with 2 years left on the loan- have no credit card debt and one...
Paying down my line of credit
MY MORTGAGE IS 230000.I HAVe 30000 LINE OF CREDIT. I have 70000 in 401k. No liquid cash..do I save up...
mortgage renewal
My $310,000 mortgage is maturing on April 15. However, my house is going up for sale on April 1. What...
INVESTMENT PROPERTY in Florida
My husband and I are both age 72 and are residents of Illinois. We are currently spending the month March...
home sale exclusion of gain
Dear Terry, Can you please tell me if the IRS audits all home sales for ownership and use tests regarding...
landlord exemptiom
I am a landlord in cook county and the real estate taxes are breaking me my house depriciated 33% and...
