- This topic has 9 replies, 6 voices, and was last updated 9 years, 2 months ago by Anonymous.
- May 5, 2011 at 9:38 am #203944AnonymousInactive
VA Loan Rate is 6.37
- May 6, 2011 at 7:03 am #260078JarvisGowMember
It’s reasonable… I think my wife & I are paying something like 6.254% on our mortgage and that was prime for our area. Impressive seeing as we are not in the good credit range.
- May 6, 2011 at 2:00 pm #261488Marta BroughMember
My mortgage interest rate is locked in at 6.25, which is awesome because it can get a lot higher (but I won’t have to pay the higher rate, ever!)
- May 8, 2011 at 1:10 pm #267281AnonymousInactive
sounds pretty good these days. assuming this is a fixed rate, 30 yr. mortgage you’re talking about.
- May 9, 2011 at 2:52 am #269296Santo SummyMember
not much higher than the going rate these days, could be better, but it also depends on your financial and credit picture…
- May 18, 2011 at 9:23 am #429339AnonymousInactive
yes. but if you got a loan, how would you pay it off?
get back to me; I have an atty friend in NY.
- May 18, 2011 at 9:43 am #429340AnonymousInactive
If your home doesn’t have a mortgage, then go get yourself a home equity line of credit. Use the house to pay the back taxes.
- May 18, 2011 at 10:02 am #429341AnonymousInactive
Perhaps you could consider getting a real job. There are many housecleaning companies out there. Get a real job with them and keep your private clientele on the side.
Perhaps your husband could consider finding some sort of work. There are not many positions that he could do, it is true, but it sounds like he is capable of at least sedentary work. He could be a telephone customer service rep, a receptionist, a Wal-mart greeter, etc.
However, while you are both looking for work, your husband’s lawyer may be able to offer some advice as to what to do while the settlement proceeds come through. Some lawyers even will offer “compassionate loans”…loans that they cannot charge interest on…that you must pay back once the settlement funds are in hand.
- May 18, 2011 at 10:23 am #429342AnonymousInactive
A reverse mortgage might be one solution, albeit not the best of ideas for many. You have to read the fine print and weigh the options. They pay you to stay in the home and, if you sell it, they get a large percentage of the profits. As time goes by, the percentage grows.
No relatives who will be your heirs? They may wish to contribute towards the taxes if they know they would eventually inherit the property. Hard to put this onto your children but then again, do they want you at their door looking for a place to stay?
You may be able to downsize into a smaller home and have some funds left over from the sale of the house to pay the taxes on the new place. This takes time.
You need to determine just how long before back taxes actually become an issue for the county/city/etc. They may impose a penalty for quite a period of time before starting any foreclosure action. Many people get delinquent on their taxes and are never foreclosed on. You need to know how long that is so you can judge whether or not you need to do something drastic. It may take some of the lawsuit funds but that is the price you’ll have to learn to live with.
Do you have any assets you can sell? Better to lose Aunt Dora’s old silverware than the house. Or get rid of the 2nd car if you have one. Once you are back on your feet, you can get another.
Hope something works out for you. You need to plan ahead since taxes are due every year. Otherwise this will be a reoccuring nightmare.
- May 18, 2011 at 11:20 am #429343AnonymousInactive
You can get a loan, you do not need a “real job”, just income. Use your tax returns as proof of income, you will not have a problem. I have not had a “real job” for almost 20 years and even now I have no problems with loans and income.
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