I had no money put away for the purchase. Might it be a stretch to make that payment every week? The variety of insurance the bureaucracy would have us believe we cannot live without is genuinely insulting.
What a past year in the real estate industry! The current turmoil in the financial markets, specifically the real estate and mortgage markets has bought up many questions about the process of home buying and the origination of loans. Instead of reiterating everything we hear on the news and trying to place blame for the current environment, I want to express my views and how it has changed my loan origination business.

We speak again the following April and he wants to do a refinance. I get all the numbers and call my appraiser in Northern Virginia and the property will only appraise for $350,000 +/-. Wow. So we see in this particular instance, he has lost his down payment and gains of $110,466.91 and $4,000 in extra tax savings. The only known fact is it will take years to recoup that down payment that was lost.

Why can i get a loan on disability’t I just pay the principle on my IRS tax debt and be done with it? I know you want to find something more about can i get a loan on disability. Have you considered Getshortloan? Why do I have to pay interest and penalties on something that isn’t even a loan?

We do a U-turn now on Digression Lane and drive back to the story of Wilma and Ted. So, they have done it! They have destroyed their Type 1 debt. They still have the car loans: one with a finance company and one with a bank. They still have the mortgage, but they are free of the credit cards, the smaller finance company accounts, and the store revolving accounts.

Don’t let anyone fool you. I have been through bankruptcy and have worked with bankruptcy for decades, and it is not a place you want to visit. Bankruptcy is listed in the top five life-altering negative events that we can go through, along with divorce, severe illness, disability, and loss of a loved one. I would never say that bankruptcy is as bad as losing a loved one, but it is life-altering and leaves deep wounds both to the psyche and the credit report.

However, if buying or refinancing a «Mortgage» you will need to add the Monthly «Insurance & Taxes» payments to the Monthly Payments when doing your calculations.

9) A reverse mortgage will impact my eligibility for Social Security and Medicare. – This is not true. The money received from the reverse mortgage will not affect eligibility for retirement, survivor, disability or Medicare benefits payable under the Social Security Act. You should know, however, that eligibility for need-based programs, like Supplemental Security Income (SSI) could be affected if the advances are not spent in the month received.

The very first debt myth I cover in our Past Due Boot Camp is «lending money to a family member or a friend is wise because I’m helping them.» The truth comes from a trustworthy source: the Bible. Proverbs 22:7 – «the rich rule over the poor and the borrower is slave to the lender» – packs a lot of punch. In practice, if you have the means to help someone financially just give them the money and don’t expect it back. Let it be a gift instead of a loan because no one likes eating Thanksgiving dinner with their master.

The COE: This is the «Certificate of Eligibility» and is the form you need to have filled out to receive your entitlement from the VA. If you have ever owned a home using your VA benefits or still own that home but wish to purchase another house you may use your VA benefits again. We just have to find out what your entitlement has left on your COE and then do the math to discover how much house you can purchase with nothing down.

You can do this. People have gone before and blazed the trail; you’re not on your own. But you have to take make the effort to start. You can do this, we believe in you. Follow the link in the Author Box below and get started to day!