Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Anyone gotten the mortgage assistance from the government ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Star*" data-source="post: 524755" data-attributes="member: 4964"><p>I'm curious what you think? </p><p></p><p>I've just been filling out the pre-application packet. The one that you gather all the information before it gets to the counselor, before they send it to the underwriter. Okay so I had questions before I sent in all the personal information. Got them answered and the lady was very knowledgeable. What I want answers to is this: </p><p></p><p>When she says that I will have a lien on my home for five years at 20% and it's a 100% forgivable loan - BUT should I move or sell the house say in the next three years the government will get it's money about 40% - because I would have already been forgiven at 20% a year; exactly what does that mean? Sorry but I don't get it and no matter how many times this gal explained it? I wasn't going to. </p><p></p><p>In YOUR experience with this is it a good thing or is a BAD thing to have a lien on your home - I'm basing this on - I have no job, no great outlook/prospects today, I have no unemployment, and I'm probably not going to win my case to get the 12 weeks back unemployment and in four weeks when I DO start drawing my pittance it's going to be noodles. So I'm not going to make the bills and I don't want to loose the house. I would however like to SELL this place and move - but how does having a lein on your mortgage affect your ability to get a loan in the future?</p></blockquote><p></p>
[QUOTE="Star*, post: 524755, member: 4964"] I'm curious what you think? I've just been filling out the pre-application packet. The one that you gather all the information before it gets to the counselor, before they send it to the underwriter. Okay so I had questions before I sent in all the personal information. Got them answered and the lady was very knowledgeable. What I want answers to is this: When she says that I will have a lien on my home for five years at 20% and it's a 100% forgivable loan - BUT should I move or sell the house say in the next three years the government will get it's money about 40% - because I would have already been forgiven at 20% a year; exactly what does that mean? Sorry but I don't get it and no matter how many times this gal explained it? I wasn't going to. In YOUR experience with this is it a good thing or is a BAD thing to have a lien on your home - I'm basing this on - I have no job, no great outlook/prospects today, I have no unemployment, and I'm probably not going to win my case to get the 12 weeks back unemployment and in four weeks when I DO start drawing my pittance it's going to be noodles. So I'm not going to make the bills and I don't want to loose the house. I would however like to SELL this place and move - but how does having a lein on your mortgage affect your ability to get a loan in the future? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Anyone gotten the mortgage assistance from the government ?
Top