Articles Tagged:
loans
When your spouse dies, what in the world are you supposed to do next? How do you keep your head above water -- financially -- in addition to keeping it all together emotionally? Here are some tips for getting your financial things in order, so things will go more smoothly regarding money and paperwork after the loss of your spouse.
If you die, will the bank be willing to do business with your spouse? Will he or she have to move? Will the bank foreclose on your home? These are things you need to consider when purchasing a new home. The fact of the matter is, you should consider purchasing life insurance to protect your mortgage. Here's why...
For a couple purchasing a house, it might be a better idea to use only one person's income to qualify for your home loan. By using only one person's income on your home loan, you are guaranteeing that you are not purchasing a house that you will not be able to afford should you find that one person is unable to work for any period of time. But wait, there's more!
if you just can't afford all of your expenses, the best thing you can do for yourself is to let something go -- which can mean downsizing your home, moving into an apartment, or giving up a car. The result of letting go is a better relationship between your debts and your income. You'll find a comfort zone that you can live with -- day in and day out.
