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Straight Story
Economics editor Chris Farrell
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About the author
Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.
Question: Chris-please respond
I have taken job throughout the country and am regully given a check for my moving expenses. And payroll taxes are taken out, as though and as if it is payroll-but it's not. It's really more of a reimbursement payment or per diem payment for my moving.
Should this be the proper method of reimbursing me; or should I be reimbursed for the expenses I submit?
Scott Allen
Marysville Washington
scota@gte.net
#206-579-0553
I have a question. We purchase our house in 2005, put 20 percent down, fixed rate 30 year mortgage. We have excellent credit, no outstanding debt other than our house. I called to get more information about refinancing given the drop in interest rates. After some conversation, an initial glance at comparable homes in our neighborhood, our house has lost about $50,000 in value. While we are not underwater with our mortgage, (The value given was $405,000 and we owe $354,000) does the FHA or another program in the federal government allow us to refinance at a lower rate other than on the open market? My husband lost his job a year ago (project manager in the construction industry) which has added some financial stress to our lives, but I work and we have made all of our mortgage payments and are still tredding water. However, I feel that we are forgotten in these new plans. Do you know of any entity that would assist with refinancing to a lower, fixed rate?
