Tag: Road to Wealth
October 29th, 2009

Q: We hope to sell our home as soon as possible, but we are not due to leave the area until June 2011. When is it smart and not smart to refinance our interest-only mortgage? A Visitor, Upper Marlboro, Maryland A: First, I highly recommend you talk to a real estate agent and find out […]

October 27th, 2009

Q: I currently have a medical school loan that is $200,000. I went into deferment because I went back to school. While in school, I was paying on the interest. What is the best way to pay on the primary loan now? A Visitor, Wadsworth, IL A: I thought I’d share this with the masses. […]

October 23rd, 2009

Q: My husband’s drug and alcohol use is threatening our credit and ability to pay bills on time. He’s a ticking time bomb, and I could be paying the mortgage and bills by myself instantly. Should I forgo keeping my house, move someplace cheaper and take one hit to my credit report, or take several […]

October 19th, 2009

Q: In 2007, my brother was getting a divorce and did not know where he would live. He had no money to rent an apartment. I decided to purchase a townhouse for him. Now the house that he owned, and sold at the time of his divorce, is up for sale–with a significant price drop. […]

October 15th, 2009

Q: We paid off our house and received a letter from our mortgage company congratulating us. Aren’t we supposed to get a title or deed showing that we are now the owners of this house? A visitor, Cedar Park, TX A: Can I put this question in perspective of the times? Foreclosure filings–default notices, scheduled […]

October 8th, 2009

Note to readers: The following is a long question–although really, it’s someone venting. I’m posting all of it (except for some minor edits) with the thought that many of you may see yourself in this woman’s shoes. Q: I lost my job last May. Since January, I’ve been in grad school full-time, working on my […]

October 5th, 2009

Q: My sister opened an account in my name about four or five years ago, and now she’s lost her job and can’t make the payments, and I cannot afford to pay her monthly minimum, which is a crazy amount. Is there any way to negotiate with them without messing up my credit? I’ve worked […]

October 1st, 2009

Q: I am paying down several credit cards, as well as two auto loans. I received a bonus recently and thought it might be best used to pay off the collateralized auto loans instead of putting that money into my six-month savings. Please advise. A visitor, Ft Lauderdale, FL A: It’s always a good idea […]

September 28th, 2009

Q: I owe about $7,300 on two credit cards. I have two certificates of deposit maturing, for about the same amount of money. My question is, do I pay off those cards, or do I take a loan using those CDs as collateral and pay about 4% interest on the loan to pay off the […]

September 24th, 2009

Q: I was laid off six months ago. My health benefits with my former employer will expire soon. I was solicited by a contracting company, which traditionally does not offer benefits to a new contractor-employee. However, to bring me on board, they did offer me access to their medical and dental plan and sent me […]

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