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Would you ever recommend someone to take money out of their 401k and use it to pay down their mortgage and if so is this allowable as a hardship and what tax implications would apply?
Wiki User
∙ 12y ago
You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
You should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYou should make an appointment with your tax accountant or a financial advisor who can review your economic status and then apply expert advice.
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How can you write a hardship letter to your mortgage company to modify your mortgage payment?
I will forward you copies of hardship letter samples. I do this for a living and I have helped clients put their hardship into a letter format as long as they know and can tell me what their harship is. Glena
How do you write a hardship letter for mortgage approval?
A letter of hardship for loan modification is essentially your best prospect to give explanation to the lender, the conditions that led you to be in arrears on your mortgage. It is crucial to be precise, clear-cut, and truthful while writing the hardship letter. Sugar-coating your situation is not recommendable.
What happen to the second mortgage if not paid?
Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document. Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document.
Where can you find sample hardship letters?
What do you mean by hardship letters?AnswerWriting hardship letters to a mortgage company. AnswerYou can find an example hardship letter at these web sites: http://www.foreclosurebeat.com/a_hardship_letter_020804.htmhttp://www.cclcnsw.org.au/DFT_Project_2002/module_03_Cant_Pay_-_Hardship/cw_hardship_var.HTMLhardship letterplease someone send me a sample of a hardship letter, my mortgage company is requesting one. im a getting behind with my monthly payments. thank-you caja99886@yahoo.com carlos Gomez
How do you complete a hardship letter for your mortgage payment being late?
You first need to include your name and account number. You also should state why you are having a hardship and when you payments will begin again.
Can a CD be used for a down payment on a mortgage?
This will depend on the terms of withdrawal from the CD. Be prepared to provide those terms to the Underwriter. Normally it is allowable
Where can you find an example of a hardship letter for a mortgage when trying to purchase a home on a short sale?
I found both an instructional guide to writing a hardship letter, and a few different examples of such at the following address:http://www.quickrealestatesolutions.com/uploads/Help_us_help_you.pdfGood luck.
Does the AARP recommend a particular mortgage company for reverse mortgages?
They dont recommend any company or endorse reverse mortgage, they want you to have the information to make a good decision on less expensive loan alternatives.
Is there help if you have a 1st and 2nd mortgage but your home is appraised too low?
If your planning on selling your home, talk to your mortgage company. A lot of times they have programs where you can drop the price of your home below market value to get out of it. Its called a hardship.
What is a hardship?
Hardship is anything that robs the spirit. But If you are submitting proof of hardship you will want to list in detail any unforeseen challenges and adversities within your family and finances as well as any factors out of your control such as lay off from employer, illness, accident, injury, or deaths. Mental illness can also be considered under hardships.
What ars some Winston Salem mortgage rates?
Mortgage rates depends on the rate your buying the house on. But i recommend finding the best low mortgage rates for Winston Salem on for the best rate.
Where can I find a amortization mortgage calculator?
There are lots of websites online where you will find amortization mortgage calculators. A couple I recommend are www.hsh.com Calculators and bretwhissel.net/amortization/.
