Comments on: Financial Advise Is Appreciated……? http://nxus.net/financial-advise-is-appreciated.html Solution to your Niche Question Sat, 15 Oct 2011 00:02:34 +0000 hourly 1 http://wordpress.org/?v=3.1 By: chey_one http://nxus.net/financial-advise-is-appreciated.html/comment-page-1#comment-3389 chey_one Tue, 17 Nov 2009 12:31:07 +0000 http://nxus.net/financial-advise-is-appreciated.html#comment-3389 Not sure is this is or isn't a setup as the second responder states, but assuming that you are posting facts - first I'll tell you that I hate that you are experiencing this monthly situation. While a reverse mortgage may be what you need, there are of course other options. If you were to refinance your home, would the payment be such a lesser amount that your financial worries might be over? If that is the case, I'd check with other lenders. Do you have family that might help you out? Either with money or perhaps co-signing a loan to consolidate? Bankruptcy. Not necessiarily a horrible thing. That law is in place due to situations such as yours. While none of us willingly choose to not pay our bills (well, most of us anyway) - there sometimes are situations that merit the need. Consider talking with a banker (if you have a personal relationship and feel comfortable with them), or talk with an attorney (usually the first consultation is free) - and first of all check with legal aid in your area - they are generally free or cost adjusted to what you could pay. It does sound as though you need relief. Go get it. And hold your head up high - you are the first person to experience this. Good luck. Not sure is this is or isn’t a setup as the second responder states, but assuming that you are posting facts – first I’ll tell you that I hate that you are experiencing this monthly situation.

While a reverse mortgage may be what you need, there are of course other options. If you were to refinance your home, would the payment be such a lesser amount that your financial worries might be over? If that is the case, I’d check with other lenders.

Do you have family that might help you out? Either with money or perhaps co-signing a loan to consolidate?

Bankruptcy. Not necessiarily a horrible thing. That law is in place due to situations such as yours. While none of us willingly choose to not pay our bills (well, most of us anyway) – there sometimes are situations that merit the need.

Consider talking with a banker (if you have a personal relationship and feel comfortable with them), or talk with an attorney (usually the first consultation is free) – and first of all check with legal aid in your area – they are generally free or cost adjusted to what you could pay.

It does sound as though you need relief. Go get it. And hold your head up high – you are the first person to experience this. Good luck.

]]> By: ignoramus http://nxus.net/financial-advise-is-appreciated.html/comment-page-1#comment-3390 ignoramus Tue, 17 Nov 2009 12:31:07 +0000 http://nxus.net/financial-advise-is-appreciated.html#comment-3390 One possibiltiy is a reverse mortgage. A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. One possibiltiy is a reverse mortgage. A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you.

]]> By: frugernity http://nxus.net/financial-advise-is-appreciated.html/comment-page-1#comment-3391 frugernity Tue, 17 Nov 2009 12:31:07 +0000 http://nxus.net/financial-advise-is-appreciated.html#comment-3391 Oh, come on! Who are you kidding? This is just a setup question for the first answerer who put that reverse mortgage answer out there. The worst spam is that which assumes its target audience is stupid. Oh, come on! Who are you kidding? This is just a setup question for the first answerer who put that reverse mortgage answer out there. The worst spam is that which assumes its target audience is stupid.

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