When readers ask Monty about home finances, they are not asking about the household budget. Readers ask Monty when they are contemplating refinancing, or taking out a second mortgage to buy a vacation home. They ask about what to do because they are behind on their payments or are considering walking away from their home because it is “underwater.” There are hundreds of different financial situations involving mortgages, loan denials, appraisals gone sour and lost documents, just to name a few.
What will Monty advise? Every family’s circumstances are unique and, therefore, some seemingly small detail may affect Monty’s suggestions.
While it is helpful to read what others have dealt with, being certain your situation does not contain some small detail that differentiates your issue with another reader’s issue is paramount. If you have a question, just Ask Monty.