Housing / Real Estate Questions

Capital Gains on sale of farm

Thinking of selling a farm and wonder much my wife and I have to claim as capital gains?

ARM – LIBOR Index vs SOFR

I have a 5/1 adjustable mortgage interest rate, max 8% and I have had the loan for 7 years. My..

Best financial option for 2nd home purchase.

Curious about best options to purchase a second home out of state; home equity combined with cash, full 2nd mortgage..

Avoid getting clobbered with property gains taxes

I own a property, condo, since 1978, have rented it out since 1988, have depreciated it over the years. I’m..

HELOC

Got a heloc 10 yrs ago, current balance is 70.000 was thinking of redoing it, spoke to BOA and was..

Home purchase assistance for a son

Background: My sons (ages 25 and 29) bought a house together in 2019 and after refinancing currently have a less..

Reverse mortgage advice

Am 81yrs young. Been checking the viability of selling my house and renting. Max rent is $2000. Home is paid..

choosing a new investment firm

My current firm(Cetera) will not write a letter of intent to transfer retirement funds monthly into my checking account in..

HELOC Interest Rates

Hello Terry, Is there anything I can do regarding a HELOC with an interest rate that’s gone from4.5% to 7.33%..

Age 77, first time home owners-tax documents needed

My husband and I purchased our first home, age 77, it’s tax time very soon, what paperwork do we need..

Taxes on Mortgage Buy-out?

Hi Terry, My ex-boyfriend and I bought a house together in 2019. The mortgage was only in his name and..

Heloc

If I take out a Heloc for home improvements 4-5 prior to retirement can I still sell my home?

Remodel or Tear down

I am a new widow, live in a spot my kids and I love, Fontana, Wi. My house is 1890s..

Gifting money from an IRA or 401K

I would like to gift my son money from my IRA or 401K for the purchase of his new home...

how long to keep records of mortgage refinancing

We have refinanced our house several times over the years and every time we do we sign all new papers..

HELOC

I have a $53,300.00 HELOC. I have no debt. My townhouse is worth about $250,000. I am 76 year old..

Mortgage refinance

Hi Terry, I’m looking to pull some money from the equity of my home to pay for repairs and credit..

Trust

Several years ago I set up my house in trust. However I have never been billed nor paid an annual..

HOA dictated deck replacement

Can an HOA demand money to replace our deck when replacement not needed. This has been done early December demanding..

How to get out of debt, sell my house?

I’m 73 years old. Own my own home with an approximate value of $300,000 with a remaining mortgage of $120,000..

money

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