Housing / Real Estate Questions

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..

First time home buyer

Hi Terry, Love listening to you on WGN! My husband and I are first time home buyers in the northwest..

Extra retirement income

Hi Terry I am 1-1/2 years from retiring and for extra money in northern wisconsin I have a new cottage..

Mortgage payment

I am 84 yo. I have a 55,000 mortgage at 2.70 interest rate. I have $300,000 in savings…. Should I..

Family member gifting from abroad

My parents are still alive and live in Ireland. We are currently looking for a house. My parents are gifting..

VA loan for new construction

Hey Terry, I just spoke with you on WGN radio about a new build and trying to lock in a..

Taxes on homeowners insurance money?

My house burned down in 2021. The insurance company paid out 200,000.00. I gave my son 50,000 for him to..

Revocable Trust

How do I go about letting the county recorder know that I put my paid off home in a revocable..

Revocable Trust — changing title of home

How do I go about changing the title of my house that is in my name to my trust?

Equity in home used for gift of home to daughter

Hi Terry My husband and I owe less than $140k on our home which is now valued wayyyy over our..

Financing a home addition

What is the smartest way to pay for a home addition? Thank you

1099 on sale of home

Dear Terry I sold my house in 2021. Should I expect a 1099 from someone? Thank you

Should I rent or buy?

Hi, Terry – I have learned more from you on WGN radio in the last 2 years than I knew..

Home equity loan Vs 15 year Refinancing

Hi Terry- I currently have about a 20 year home mortgage at a 4.00% fixed rate on my house. I’m..

Financing a remodel on a vacation home in a different state

Terry, We have a lake house in Wisconsin (we live in Illinois) and it needs some remodeling. We have about..

Loan to your only son — Will You Foreclose?

My husband is retired and I am close. A portion of our portfolio is in a money market earning .4..

money

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