Housing / Real Estate Questions
refinancing a home loan
Terry , we live in the Naperville/Aurora area. Can you recommend someone we can speak to about refinancing our home...
Living Trust and Real Estate Owned with Daughter
Hi Terry, my wife and I are setting up a living trust in order to pass on our estate to...
“walking away from my mortgage
what are the legal & financial consequences of "walking away" from your house/mortgage? Terry Says: Oh gosh, I hate to...
Should I pay off my mortgage before I retire?
Terry, I'm a 66 year old female who is still working with a gross salary of approximately %55,000 a year....
Reverse Mortgages
Hi Terry, My spouse is retired. My spouse is always jotting down contact info for reverse mortgages. What are reverse...
i’ m 73 yrs old,doi have to pay fed.tax after selling my house ?
Do i have to pay fed. tax after selling my HOUSE/ Terry Says: That all depends on your cost basis. ...
Mortgage dilema
I owe about 250K on my home. It is worth about $525K. We built it for $615K. The interest rate...
What to do with a large sum of $$$ earned from real estate?
He Terry, I am a commercial real estate broker and I am expecting some large commissions that will double what...
refinancing
Hi Terry, just heard you on WGN! I have a 30-Fixed FHA mortgage, 5.5%. My home is probably worth the...
Chapter 13/mortgage refinancing
Dear Terry, April of next year we will have completed a chapter 13... We have a 30 year ARM mortgage...
using IRA to buy primary residence
Hi Terry...I am 67 yrs. old and retired. I want to sell my old house and use money from my...
Living trusts and out-of-state rental property
Can California real estate condos be covered by Living Trust prepared by Illinois lawyer for Illinois resident. Condos are rentals....
Capital Gains
I have a rental home in California we bought in 1986 for $100,000 and can sell for around $360,000. that...
Will reits go away anytime soon?
Will reits go away anytime soon? And if so, why? Thank you. Terry Says: REITS are Real Estate Investment Trusts...
Retirement with mortgage, and home upgrades?
I am over 60 and ready to retire. I have a 150,000 mortgage and 250,000 in a 401(k). I am...
Upside Down Mortgage Refi
Any suggestions for assistance on refi of upside down mortgage with a revolving loan at 14.49%. Mortgage bal 185,000, revolving...
Condo vs. returning to family home
Currently my mortgage and assessment exceed 60% of my income. Would it be wise to sell the condo and move...
REFINANCING small mortgage balance
Hi Terry, Is there any option,or can you suggest a strategy when the mortgage owed amount is only around 29,000.00...
Senior Citizen Assessment Freeze Exemption
My mother is 80 years old and has owned and occupied her home for 41 years. Twice we have applied...
Paying Down Mortgage before Retirement
We have approx. 160,000 left on our mortgage, we have about 600,000 in investments. My wife and I also have...
