Suze Orman Likes PMI, I Don’t
I was looking around on the PMI Group’s website when I discovered, smack on their front page, an endorsement of private mortgage insurance by none other than “internationally acclaimed personal financial expert” Suze Orman. This is the same Suze Orman who endorsed the leases of General Motors when they came knocking with their suitcase of money. This is also the same Suze Orman who says, in her book The Money Book for the Young, Fabulous & Broke, that the young should use their credit cards to buy things, before they get jobs, so they can get started in the world. So… Suze Orman has already lost credibility in my book but I’ll give this little pitch a listen.
On her show, a caller calls in about a debate she has with her husband. Her husband wants a first and second mortgage, the caller wants just one mortgage and PMI. Her husband works in the mortgage industry… so what does Suze recommend? Obviously the one big mortgage with PMI, very industry friendly. A few things to note: She automatically assumes that the second loan is a home equity line of credit, to which the caller agrees but I doubt she really knows, and she starts insulting the caller’s husband as not having a brain!
This entry was posted on Sunday, April 23rd, 2006 at 2:15 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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