Housing / Real Estate Questions
First time home
My boyfriend and I are looking to buy our first home at 50 years old. I stay home with our..
Cash for house
Dear Terry, you have always answered my questions in the past, but not this time. Maybe it didn’t go through?..
Rental and Home Mortgage Payoffs
We own an apartment building in which we have $200,000 equity after paying off the loan. We also have a..
HOME TRANSFER
I’m 82 yr old widower. Good health. I’d Like to sell my single home to my son for one dollar..
Paying off mortgage vs. investing money
Good Morning Terry, We are both 65 years old and recently inherited some money. We are wondering if we should..
Reverse mortgage
Is a reverse mortgage safe and I need about 60,000 for a roof. I have money on the side that..
Options to avoid capital gains from 2nd home
My husband worked a few years in Colorado and moved back to Illinois where we have a townhome. We continue..
Heloc loan
If the feds lower the interest rate, will the HELOC loan go down?
Capital Gain
I am74 years old a widower. Thinking about selling my house and getting a nice Motorhome/toy hauler. My capital gains..
refinance
Hello – we have 7.2% 30-yr fixed mortgage. Rates are starting to drop. We would like to refinance ,put more..
I am 78 years old and in pretty good health. If I sell my house for 375K, would I be better off buying or renting . My property Taxes are $7000 a year .
Am I better off making a lateral move selling my house and purchasing a condo or should I be renting?
Follow-up on Question
Terry, I have a mortgage with 4.125% interest rate until 2027. There is 72,000 left on the note. I have..
Mortgage
I am 69 and have an adopted young grandson with a disability. I am moving my family from Washington to..
Housing/Finances
Terry, my husband I and I are both 70 , recently retired and recently married. My home, worth appx. $355,000,..
Taxes on a sale of family home
I am a 90 something widow who has owned the home since 1971. We paid $50,000 than and have added..
applying for mortgage at our age
I am 79 yrs old and my husband in 83. We own our single family home (no mortgage). I would..
home equity
I am about 21 months away from paying off my mortgage. I’d like advise on best option for using equity..
Second mortgage
We have a 30 year mortgage and have been holding a second mortgage for 20 of these 30 years. Can..
house payoff
have enough cash (approx 100,000) to pay off house, its all our savings 4 kids, college starts this year, mortage..
House Poor
Hi Terry, I will be to the point. I am 72 on social security and have an income of $20,000..