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Cynthia Said:

what is the realistic cost of living in bangalore and hyderabad for an R2I family of four?

We Answered:

At Bangalore, for your estimation, Schooling for 1 Kid at the best School:
Your monthly take home earnings should be around 1.25 Lakhs

Shelly Said:

Life insurance policy for dying father?

We Answered:

Legally you won't be liable for your father's debts. But life insurance is no solution at this point, since no insurance company will take that bet.

If you are worried about your personal safety, why don't you liquidate your considerable property and disappear? Start over somewhere else in an untraceable way? Have you ever seen the Shawshank Redemption? You may want to review the end of the movie or see how the Witness Protection system works.

Stephanie Said:

Mortgage payment for 150,000 home in Fort Worth TX?

We Answered:

There are a lot of factors to consider. If the purchase price is $150k, how much will your loan amount be? What will the interest rate be? Are you going to finance any closing costs (if that's acceptable with the lender)?

The taxes and insurance are almost impossible to guess except for someone very familiar with the Fort Worth market. A real estate listing usually includes the taxes, but this may not be a listed house. You could check the county's website and see if you can access the taxes for that address. I live in St. Louis and I can do it here, but some places make you subscribe and pay for it. You can call your insurance agent and ask him what the insurance premiums would be. He knows what lenders want, and he'll be able to give you a pretty good estimate.

Mortgage insurance will be added if the loan to value ratio is over 80%. The cost of mortgage insurance will be influenced by your employment tenure, your credit score, your income and assets. It's all figured up by the lender's computer, we used a system called desktop underwriting, so until that's all been entered, it's hard to say what the mortgage insurance will cost.

Check your credit reports, all 3 for each of you. Go to annualreport.com and the reports are free once a year, but you have to pay between $6 and $8 for each score. It's helpful to get the scores, but they may not be the same scores the lender will see.

Here's a mortgage calculator to play with...you can try different loan amounts and rates to see what the principal and interest will be. NB, the calculator will only give you principal and interest.