I received a personal injury settlement that is handled by a financial advisor and he sends me the amount I need to live on monthly and I can call and let him know when its time to pay tuition or if I had to go the personal loan 30 000 room, etc. This past summer I was told it was credit problems.
I fixed the credit problems and now I am being told that my monthly disbursement isnt income and that unless I put half of my money into an annuity I dont meet the FHA requirements, and that I cannot qualify for a USDA loan because of the fact I have so much money. I am so tired of renting and throwing away my money but it is also a very stupid financial decision to pay for a personal loan 30 000 in cash when I make a decent return on my financial portfolio.
Please, tell me how I can purchase a home. I even have the house I want to buy and have discussed it with the owners. I just need a mortgage. Hi Colin, Do you think there is any possibility of me qualify for a home loan. I would like to purchase a 90,000 condocoop. I work par-time making 16,000yr.
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