1. Who handles problems with private mortgage insurance?

    Reader Question: Monty, my daughter and son-in-law are trying to refinance their home to lower their interest rate. After my daughter contacted their mortgage company, the mortgage advisor said there would be no problem, and they could do it for eleven dollars. This is not their original mortgage company. After further checking, he informed my […]

    July 31, 2012
  2. CEO Negotiates New Job Benefits

    Reader Question: Monty, I am a CEO contemplating an offer for a change of venue and job. More than ever, the relocation package quality can make or break a deal. Is there a checklist, or something that could help me quantify what a white glove relocation package would entail and cost? For example, packing and moving HHG, auto relocation, real estate taxes, closing costs, buying down mortgage, temporary living, house hunting trips, tax implications (gross up) […]

    July 24, 2012
  3. Dumping Private Mortgage Insurance In This Market

    Reader Question: We are about to refinance and are seventy eight hundred dollars away from eighty percent of our home’s assessed value. The PMI balloon payment thing is about sixty five hundred dollars. Should not we (because we can afford it) pay the seventy eight hundred dollars then not pay the PMI?  But the real question […]

    July 19, 2012