My Mother is 86 yrs old and receives SSI. Her home is paid for and is appraised for taxes at 54,000. She needs more cash flow to pay bills, have plumbing repairs made, keep her car running, etc. Should she consider a reverse mortgage?
Which one of these makes good financial sense considering that there is a 90% chance of selling the house before 7 years. What aspects of these loans should we be comparing? 1. 7/1 ARM 6.125 APR $1000 Closing 2. 30 year Fixed 6.25 % APR $7000 Closing
My mother past September 19, 2006 and refinanced her house I believe that same year. My brother received a letter from Wells Fargo that if they don't get $1500 by the 27th of this month, they will proceed with foreclosing. We are trying to keep the house and would like to know how we can save it.
I believe I am in a financial bind. I am behind in my Philadelphia city Real Estate taxes and don't have the cash to make a one time payment nor do I qualify for a low income payment program. My financial situation is this, retired from the local police dept. collecting a pension (55 years old), I also have a job with a 401K and can borrow on that. There's not much in there but I can...
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I have been married for about one year and we want to buy a condo, but my spouse has bad credit that will hold us back on a good loan. My credit is good. Can I apply for a loan on my own, for the purpose of buying a house as a married person? I would need to borrow about $250,000. I am a teacher (15 years).
I have a $20,000 balance on my home equity line of credit through my bank. Can I transfer that balance to a credit card that is currently offering 0% APR on balance transfers for 12 months?