Do you know about reverse mortgage?
Posted By: Amy on 2009-02-16
In Reply to: Okay. Guess you should look into that crystal ball you have - They said what
Maybe not, you might be young but will explain for others who do not know. If you own your house outright and should your spouse die, you get sick, whatever you can continue to live in your house, and you possibly would get money also to live there until you die. Called reverse mortgage. More should know about it. A company takes over and then you will the house to them upon your demise. So that thing about selling the house, nah on this end. As far as short term social security, may be for younger people or not be all and from what I am hearing by the time social security is due to give out, probably would not be around then anyway so don’t worry about the short term thing there, money from previous hospital is until my demise, again no worry there, money in bank building interest only, don’t take from there, no problem there either. The only thing I consider myself rich in is happiness and love. Next.
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I want out of my marriage. Been married many years and been unhappy for many years. I care about my wife and don't want to hurt her, but I just don't love her and I want to be on my own with my two girls. They are not too fond of their mother, and I feel that I could give them a much happier life without her in the picture. I just want out, but she is holding on for dear life. It is too hard for her to give up the convenience of having everything done for her, I suppose.
Any advice on how to go about this in the most painless way possible??
Have you tried reverse psychology on him? sm
I have an 8-yo son who is very defiant like that. I have learned the only thing that works with him is reversing the psychology. I have to be extremely nice to him to make him behave if that makes sense. I ask him to do things rather than tell him. Once a battle begins, the only thing that works is being very loving to him. Then he straightens up and is on the best behavior all day until another trigger!
My daughter is eloping in reverse! sm
She and her sweetie are coming to my house later this month and they are being married by the JP in early January. He has decided to deploy to Iraq in April, rather than defer for school, so they are getting married. She stayed with me this last summer and they met in June where she worked, although both of them are from out of state. They have been carrying on long distance and to be honest, have only spent about 12 days together face to face, but are getting married. They did some fighting initially, but after a short time that all quit abruptly and they have settled into a really nice place. They are very well suited to each other.
He called to ask my permission and I gave it. They are only 19 and 20 and I know, I know, I KNOW, but everything in me believes this is right...it is my mother's intuition and while I don't understand it, I'll trust it. I have been making a little dress for her to wear and will make a cake and have champagne. They have both thanked me for hosting their elopement in my home, for making the dress, the cake (I decorate cakes so it'll be fancy) and making this a magical day for them.
It is bittersweet for me because I am worried for him, and what happens to him happens to my daughter too. I want this and I am pretty excited to see my baby girl get married for love. I didn't marry for love and I am glad she is.
reverse cell phone look up service -- sm
but you have to pay to find out. It is possible though and if it is such a nuisance, it would be worth the meeger cost to put an end to it.
Read really good news on reverse this morning
including FHA which is for only over age 62 and which is insured. With anything people need to check these out. There are really good ones out there and thanks for bringing this up again.
mortgage
My thought is to get more house with a 40-year mortgage but it's not necessarily the house I will stay in the rest of my life. I would probably downsize in about 6 or 7 years. Just wondering if banks readily give this or not . . .
Mortgage foreclosure.
I am in danger of losing my home. Anybody deal with this and what did you do?
Mortgage Companies
We have a good one, but it is funny when there is an error on their part they call your employer... When they want to loan you some more money, they call your house!
I had no problem getting a mortgage
with iffy credit, but your broker may not have any control over the documentation needed - especially since the subprime mortgage industry is tanking due to bad loans (everyone is being more careful as a result). STILL, if you have been doing the same type of work for a while, which you have, they should look at the bigger picture - and I would ask them to because you would "hate to have to take your business elsewhere" wink wink.
Remember your clients can lose their clients *any*time - with or without a contract, so I doubt they are going to be willing to give you a letter which meets the requested requirements. If you have excellent credit there are tons of companies out there who probably would not ask for this type of documentation - although terms could be affected a bit. Good luck. P.S. Want to buy my house - its for sale!?
mortgage question
Has anyone ever obtained a 40-year mortgage? Are they hard to get? I'm house hunting and just trying to look at all my options. TIA.
Mortgage rates
Is anyone refinancing with the mortgage rates so low? I doubt we'll ever see them this low again.....thoughts?
Have you talked with your mortgage holder? sm
They will sometimes try to work with you regarding payments, etc. They don't like to foreclose. It usually takes anywhere from 6 months to a year to foreclose on a house and they usually take a hefty loss. We bought the house next door to us just a few months ago on a foreclosure and it took forever.
finding a new mortgage company...sm
Is at the top of my agenda for this year, but it was the plan all along to refinance this year anyway, so...thanks for the support y'all!
Question about mortgage and divorce...sm
Is the only way to get my name off a mortgage is to have my ex either refinance or sell the place?
Thanks
I agree. They also don't state how much their mortgage
if you don't live beyond your means you don't struggle.
Mortgage? You gotta be kidding. - sm
Dont know 'bout the rest of y'all, but I live in a very tiny apartment. My car is 13 years old, and is going to have to last me forever. It guzzles gas, but it's paid for. I never eat out, I eat 2 meals a day instead of 3, and I buy my clothes at the Goodwill. A vacation? Fuggetaboutit! A 'vacation' is when I occasionally allow myself the luxury of watching the evening news on TV.
Mortgage recommendations for not so good credit...
a family member needs to get a mortgage for a home they are currently "buying" from a friend on contract. I say "buying" in a very loose term, because I am not sure that they even have a written agreement, sometimes it sounds like they are just "renting". Anyway, credit is a problem for them.. bankruptcy 7+ years ago, collection accounts they are currently paying on, etc. and probably some current finance company bills and "of course" the "new-used SUV" they got about 8 months ago. You all know what I'm saying here, this is not a "one time credit problem" .... Supposedly, they tried one mortgage company but, according to the wife, after about 3 months they got mortgage approval but PMI insurer turned them down. They actually have a good deal on the home, appraised at approx 90,000 and they are buying it for approx $78,000, so there is some equity. Of course, they have actually no $$$ to really put down. The situation is that they have been living there a few years and the seller "a friend of theirs" needs the cash by October, so that he can purchase a property he is currently buying on contract from his sister, who needs the money now, etc. and on and on it goes. Anyway, if they cannot come up with a mortgage, they are out, have to move and of course, they will be trying to hit us up for cash or, heaven forbid, a place to live!!! I need any suggestions anyone has or any names of mortgage companies that deal with this particular situation. The wife called us and asked us to co-sign, but that's out of the question. Appreciate any advice
Best mortgage company for not so perfect credit?
I am looking to buy a house that is $185,000. From the sale of my current home, I will make $165,000 and will use all of that as a down payment. Obviously, I am 20k short. I don't have the best credit (low FICO score) so I am looking for a mortgage company that will loan me what I am short with bad credit. Anyone know of any?
Thanks
we are closing on a house next month and mortgage
need to come up with some cheap ideas too!! I have several baskets that i have collected over the years and plan on going to the Dollar Tree and getting "girlie" stuff and filling them up for around $5-10 each, depending on size. My family knows this year is going to be hard on us, so that helps!
Did you talk to a bank or mortgage company and see if you can get pre-approved? Seems
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Make sure you have copies of all important papers, addresses for mortgage, insurance, etc.
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