Housing / Real Estate Questions
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..
Taxes on inherited real estate
Hello. My mom passed in 2020 we have a trust and I recently sold a property that was in the..
inherited share of house – capital gains treatment
Hi, I am co-owner of house that is not my residence. My co-owner has passed and I am inheriting the..
cashing in my 403b to pay my mortgage
I sold my house with a land contract and must have it paid off by this September 2024. I owe..
Deed to property after lien is released.
Our mortgage was paid off in July 2023. We have received confirmation that the mortgage has been paid in full..
Mortgage interest rates
Hello To lock in at 6.25% or wait it out a week or two, that is the question. Do you..
HOA audit versus review
Hi Terry My HOA has been doing a CPA review at the end of the fiscal year instead of a..
HOAs incompetence
Why do HOAs have so much power? My HOA has failed to fix a roof leak for 2 years. In..
Homeowners association fraud
It seems there are no protections for property owners living in HOA communities. I have suffered financially for years because..
Reverse mortgage or property tax deferment
Hi Terry, my wife and I are 72 years old. We are on social security about $4400 a month. I..
Payoff my new mortgage or use mortgage money to invest and pay down mortgage?
I just sold my house for $333K and purchased a new condo for $310K. My new mortgage is $248K at..
Overdrawn escrow &; mortgage payment
I really messed up & didn’t pay attention to a huge property tax increase last year. My mortgage company has..
paying off a home mortgage early
I have a 15 yr mortgage that I’d like to get a rough estimate of what I might have to..
Selling a investment property 3 flat that I own for retirement.
Hello Terry, My wife and I own an investment property 3 flat near Wrigley Field. We’ve owned it for 45..
Reverse mortgage
We are 76 and our house is paid off. What do you think of reverse mortgage? We have credit cards..
Mortgage escrow
New company requires min escrow balance of $4500, is this legal since we did not agree to it?
Pay down 3% mortgage?
We have a 30 year fixed mortgage of $270,000 @3.125%. We have only been in our home 2 years after..
Paying down mortgage principal vs investing
Hi Terry, I’ve heard your answer to this question before. I’m 69 years old. Let’s assume a mortgage rate of..