NLIC.org

Julie Said:

my husband saved 10000 to move our credit is under 600 can we try a condo or rent we are on a budget?

We Answered:

talk to a loan officer in your area, see about an FHA loan they dont have a minimum score req. so even if you are under 600 you can still get a rate between 6-7.5% $150,000 @ 6.5% your lookin at about $962 monthly and of course you are going to have to escrow your taxes and insurance depending on where you live that might add an extra $150-300 a month. good luck to you...and most of those foreclosures you hear about are just people that got in over there head or in adj. rate mortgages then there rates went up, as long as you get into a good low fixed rate mortgage with taxes and ins. included there wont be any surprises durring the life of the loan.

Violet Said:

Renting out our primary residence.Can we still claim homestead exemption it's the only home we own..Florida?

We Answered:

This is not your primary residence, you are not living in it. This is investment property and can not be homesteaded.

You will need a tax advisor, as you have all of this additional income to claim and your deductions are not the same as your primary residence, which you will not be able to claim, as it is a rental.

Herman Said:

My Husband can't seem to keep a job. What should I do?

We Answered:

Don't have kids with him. I suggest you file for a legal separation (including separation of finances) and have the house sold as you can't afford it right now. Tell your husband he has exactly one year to get a job. And a further year to show that he can keep it. Tell him that how he lives over the next two years will be his problem as you will not support him. And at the end of the two years, if he can't show that he can and is willing to support himself, you will be filing for a divorce. Then he can go back home and live with his mommy and she can take care of him. Take care.

Jordan Said:

how many folks think that the right president will turn this country around

We Answered:

The right president may very well be able to stop the downward spiral, but the damage is done. It's just like fuel prices going down only pennies when the crude price drops dramatically. What's done is done. Our society of moral relativity is rapidly being eaten away by this cancer of doing what feels good. Anyone remember the fall of the Roman empire? It's only a matter of time. The president alone hasn't the power to make such great changes required to turn us around. He/or she would need the unanimous support of the House and Senate. I can't say I see that one happening. It really sucks that our children are going to inherit the problems of today, and worse yet, they will inherit the problems of tomorrow.

Leah Said:

Is a short sale or refinancing my mortgage a better option due to an increase in my expenses. I NEED HELP!!?

We Answered:

First, the loss mitigation department at your lender should not have taken so long to respond. What you may want to look into is a loan modification. This is a long term solution compared to the band aid solution you worked out with your lender. I do mortgage fraud investigating and mortgage auditing. Depending on your location, I can refer you to a qualified loan modification specialist. You can contact me through my website:

www.mfi-miami.com

Herman Said:

What should I do if this happens?

We Answered:

Hello,

It sounds like you're in a tough spot but it looks like you're jumping the gun. It is good that you're thinking ahead so you won't be caught off guard. It's tough times right now.

First of all, do you trust in God? Do you have a relationship with Him? If so, you will know that trusting in the Lord will help you through even the toughest of times. Do you go to church? If not, perhaps now would be a good time to start. It's a great place to socialize and let people know that you may be looking for work in the future. You'd be amazed at how many doors may open to you.

As for your idea of suicide, you need to talk to someone ASAP about this. As I said, I would go to a trusted church leader or a therapist. Please don't think that you killing yourself would make your fiance's life easier! You would be taking away the most important thing to her. Money can be found but once you're gone, she's never getting you back. Don't be selfish and take the easy way out!! Hang in there and ask for help and support from others! You'll be ok.

I read some of your previous questions and as you've been abused and had a tough upbringing, you're going to need therapy ASAP. Please contact someone. Your life and your fiance's life depends on it. (By the way it is not your fault you were hurt or abused but it is your responsibility to deal with your problems so you can make your life better.)