Fattening your wardrobe can damage your financial health!

According to the article “Know the value of your designer wardrobe!” very few of us are put off shopping for designer clothes by the credit crunch. Women who shop (and men, though not so many in comparison,) cannot and will not be deterred by silly obstacles such as lack of money!

What makes a person shop [...]

Financial advisor?

Soon to be married asked: What does anybody know about being a financial advisor or planner? do you have to get a degree for it or is there just a class for it specificaly?

How does a mortgage holder get out of PMI payments on their mortgage loan?

asked: Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.

What is is the average fee paid to a financial advisor?

lisashopping2003 asked: we are interviewing financial advisors to help us invest about 250k in mostly cash some stocks/mutual funds. what is a reasonable fee to expect to be charged on an account of this small size by a fee-only financial advisor? is it worth it?

Life Insurance?

livinlife asked: My husband, 32 and I, 30 are looking into life insurance. Can anyone tell me which company or websites I can use to get information. There are so many out there… wouldnt know where to start. Who do you personally use? Is there a medical exam involved? What type [...]

How do mortgage companies determine which credit score to use?

Melissa T asked: With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?

How do student loans affect a mortgage applicaton?

LadyLiberty asked: I have $60,000 in various student loans, but since consolidating my combined payment is only $300/month. I have no other debt. Do lenders view student loan debt differently due to the flexibility of the loans? Also, would they look more at the total amount of the debt or the monthly payment when determining [...]

How to deal with a 2nd mortgage that has been sent to collections?

Chochi asked: I’m currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have to settle this 2nd mortgage. [...]

If you have a mortgage, who is responsible for filing a Homestead and mortgage exemption?

Alberto M asked: The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only primary residence. He’s had the [...]

How do i find a job as a mortgage loan officer without any mortgage experience?

dre_gh asked: I currently work in a distribution center, and i have a bachelors in economics and psychology. I am interested in becoming a mortgage loan officer so i took a 24 credit hour course in residential mortgage lending but unfortunately i haven’t been able to find a job because i do not have any [...]