I wish I could help you with this, but I really think it would be in your best interest to reach out to your tax professional. If you do not have one I work with a couple of great ones and could send you thier contact information.
It's ironic but paying cash for everything (also known as living within your means) is actually a negative when it comes to credit and as you can now see can in fact create problems when you do want some credit.
My suggestion is to speak directly with your current bank about getting a Visa/Mastercard from them that could either be a true credit card or a debit card either is fine,. I believe using this for the next six months in conjunction with your car note and any utility bills you have in your name should be enough to establish a credit score for you.
Good afternoon- The wake county school system is a very good education system. Where you wnat to have your children attend is dependant on a few factors such as year round vs traditional school calendar- the following link www.wcpss.net can give you a better insight to the schools and their calendar and then check this link for ratings http://www.greatschools.org/north-carolina/raleigh/ But whereever you choose to send your children they will get a wonderful education here in lovely North Carolina.
Please let me know if I can be of any further help.
Have a great day!
Not sure what you are asking. A loan to purchase a home? If you want to know that answer, call a local lender, anyone of us can refer you to one or two and talk to them, it doesnt cost you and you will get an answer pretty quickly... more
I certainly think it's possible. You appear to have reasonable expectations regarding the home will be on the smaller side. Have you prequalified with a lender? Are you willing to continue to reside in Holly Springs/Fuquay if necessary?... more
If you are applying for social security disability or have been approved for SSD and currently receive benefits, the issue of home ownership is a non-issue.
In fact, the issue of assets at all is a complete non-issue. SSD is considered a federal insurance entitlement. In other words, you pay into the system over several year via work activity (and this is the case whether you have your fica contributions deducted from a paycheck or you are self-employed and have to "settle up" with the IRS annually or quarterly) and if you own one home or twenty homes it makes no difference.
SSI disability, however, is different. SSI is need-based and SSI disability benefits are available to adults and children who are not insured and, thus, not covered for social security disability insurance benefits. For SSI, assets are absolutely a consideration and, in fact, the cap on assets for this program is two thousand dollars. Meaning: you cannot have more than two thousand dollars in countable assets and retain eligiblity for SSI.
Obviously, any home will be worth more than two thousand dollars as an asset. However, countable assets for SSI disability eligibility does not include the residence you live in. So, to answer the question we began, "can you buy a house or home if you receive Social security disability or SSI?", we can state the following----
1. For social security disability, it doesn't matter and assets are not a consideration.
2. For SSI, assets are a consideration in determining a person's eligibility, but will not be an issue as far as one's residence is concerned. Real property will, however, be a consideration for any real property that is owned aside from one's residence. And in such cases, the fair market value of excess real property will be used to count against the two thousand dollar asset limit for SSI disability.... more
Are you currently working with an agent? if not, we can help you find the house you need by creating a search and notifying you whenever a home that meets your needs is listed. Or you can visit our website at www.JustNcHomes.com.
I see that you are in NY. Both my partner Craig Rutman and I are former New Yorkers. Craig is from Long Island and I was raised around the Buffalo area. We specialize in helping people relocating to our are.
please feel free to email us.
Linda Jandura... more