Housing / Real Estate Questions

Taking out a Reverse Mortgage

Hi Terry, I’m considering a Reverse Mortgage. I’ve been doing my reading and evaluating. I’ll be meeting with an agent..

Heloc at age 55

I’m curious the best time to consider a HELOC. I’m 55 years old and bought my home in 2015 due..

Reverse Mortgage

I’m an 80 year old widow. I’ve been thinking about taking out a Reverse Mortgage. The house is paid for...

Mortgage title

My wife and I jointly own a condo with 4 years left on mortgage. She passed away last year. Should..

Home Equity Loan

Is a home equity loan a good idea?

Borrow from 401K for condo purchase

On your WGN segment this morning, you stated that it was a very bad idea to borrow from a 401K..

Sell house or rent it?

Should my wife and I sell the house we are downsizing out of and invest the money in the stock..

House taxes

Good Morning! Husband and I bought a house in the south suburban area 3yrs ago and we have noticed that..

Purchase Manufactured Home?

Dear Terry: We live in the Pacific Northwest (Columbia Gorge) where housing prices are above national average. The mobile home..

Tax rate on 401K withdrawals to buy7 house

If I take out $150,000 dollars from my 401K to put a down payment on a house and I’m only..

identity theft and property

Hi Mrs Savage, you have helped me before , my house is paid for and i keep hearing that someone..

Early IRA Withdrawal

Hi Terry, In order to avoid having a sale contingency on my new home purchase, I would like to withdraw..

Paying off our mortgage before retirement

Hi Terry, I’m retired and my wife is still in the work force. We only have about $14,000 or less..

Capital Gains on sale of a house

A friend in Seattle, working for Walgreens, take a new position with Walgreens in late 2020 that causes her to..

Withdraw from IRA to pay mortgage

I’m 74 & a widow, have teacher’s pension (106,000.), 400,000 in IRA with TRowe, mortgage balance is 202,000. Should I..

Large payment on mortgage vs saving account

I have a balance of $184k on my mortgage, with an interest rate of 2.75%. I’m wondering if it would..

Buying home at 70 years old

Hi Terry I am 70 years old, want to relocate to warmer climate have approx 1M liquid, would it be..

co-signing for a mortgage

Hi Terry My niece, Jenna, recently ask me to be a co-signor for a home mortgage. She will not qualify..

Capital gains on home at beach not rented out

Just sold vacation home at beach after husband died (3 yrs) but capital gains very high. Have lymphedemia from cancer..

Sold home that family member lived in

Terry, I love seeing you on WGN morning news. You always have great info. I can’t find exactly what I..

money

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