Housing / Real Estate Questions
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...
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...
