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Can you get a home loan while on short term disability

 
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Vote:
Asked by
Denice


Does being on social security disability disqualifies you from getting a home loan
0     In Disability Cont.02

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    Q. Can you travel while on short term disability?


    Can I travel out of the country if I am on short term disability?
    Someone said: most insurance companies will not let you leave the province or the country when you are on short term diability.

    This answer closely relates to:
    • Short term disability manitoba hep
      • Can i travel out of the usa while on short term disability?
      • Can you travel while on short term disability in canada?
    • Buying a house while on short term disability
      • Can i travel abroad while collecting short term disability?
      • Can i travel when i am receiving short term disability manulife?
    • Short term loans
      • Can an employee travel while collecting short term disability in canada?
      • Does being on short term disability affect bank loans?

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    Q. What company might give me a short term loan with only my military disability as income?

    Powered by
    I get paid $644 monthly for my military disability. i'm looking for a $4,000.00 short term loan. are there any companies that might be willing to give a loan based on military disability as income? i unfortunately don't have perfect credit. thanks

    Sounds very very doubtful. Try talking to a private lending company like http://www.militaryloans.com/?utm_source=yahooanswers&utm_medium=pv&utm_campaign=homepage to see if they are ready to help.

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    Q. Can i get a car loan while on short term disability?

    Powered by

    "Would pay for full coverage of this car using this tool - carinsurance.yoll.net..."



    Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.yoll.net

    This answer closely relates to:
    • Middle rate disabitity can i get a car
      • Do financed car through bank need full coverage canada?
      • What happens if i total my financed car and did not have full coverage isurance?
    • Car loan while collecting on temporary disability
      • If i missed an insurance payment will coverage stop?
      • Do td bank offer car insurance coverage if you had your car insurance cancelled?
    • Qualify for car loan while short term disability benefits legal
      • Is it legally okay to work at a part time job when you are on a short term disability from a full time job?
      • Does long term illness coverage allow going back to school?

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    0 0
      

     

    Q. Where can someone on disability find a short term loan ???

    Powered by
    Can pay back upto $100.00/mo

    "The source of income being disability doesn't disqualify you from obtaining a loan "anywhere"..."



    The source of income being disability doesn't disqualify you from obtaining a loan "anywhere";. If a lender will not permit an application based on the fact that your income is disability - they are guilty of discrimination in my opinion. Most lenders have a budget factor that is set by their policy. Your income less your obligations & the cost of living. Therefore - the lenders & not you determine if you can afford repayment, etc.

    This answer closely relates to:
    • Getting a auto loan while on temporary disability
      • Will my disability income count towards income to get a bank loan?
      • How do lenders determine loan amount?
    • Short term disability and home loan
      • Can long term disability income be used for home loan qualification?
      • Can you get qualified for a home loan using short term disability?
    • Getting a loan while on short term disability
      • What percentage of my income is my short term disability?
      • Does termination for misuse of company credit cards disqualify short term disability?

    Comment
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    0 0
      

     

    Q. How to get a a short term loan with bad credit and on disability?

    Powered by

    "It is not possible to get loans with bad credit and on disability...."



    Unless any lender has got any ulterior motives with you or any of your belongings, it is not possible to get loans with bad credit and on disability.

    This answer closely relates to:
    • Disability short loans
      • Can student loans take your cra disability tax credit refund?
      • Which bank is better for disability income loans?
    • Applying for being on disability hurt credit scores
      • Does applying for multiple preapprovals hurt your credit?
      • Does applying for mortgage hurt credit score?
    • Short term disability loans
      • Can you collect cpp long term disability while collecting short term disability?
      • Does manulife cover short term disability and long term disability?

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    Q. Short term loan for the disabled.?

    Powered by
    I need $120 for a few bills and i am on disability so i don't make enough to barrow a short term loan that i have found so far. can you tell me where i ma be able to get a short term loan with my income at only $688 per month?

    "Lenders will generally only lend to people..."



    Your income is way too low to get a loan. Lenders will generally only lend to people who have the means to pay them back. Unless you have another source of income other than your disability, you're not making enough to eventually pay a lender back. You won't be able to get a loan if you will only have your disability income and no other sources.

    This answer closely relates to:
    • Short term disability affect getting a loan
      • Do you have to pay back employers short term disability when you receive social security disability?
      • Can i be cut off disability if i got a short term loan?
    • Getting a home loan while on employer short term disability
      • Can a disability check be used as income for a home loan?
      • Can you be approved for a loan when on short term disability?
    • Qualifying for a home loan while on temp disability
      • Personal loan bad credit on disability income?
      • Does income affect qualifying for cpp disability?

    Comment
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    0 0
      

     

    Q. No maternity pay or short term disability (live in us)?

    Powered by
    I am 16 weeks pregnant and just found out that my employer offers no pay during maternity leave, and that i'm not eligible for short term disability, i believe because this is a "pre-existing condition," and also it takes a while to kick in. does anyone have advice on what can be done so my partner (soon to be husband) and i can pay bills, and still allow for my maternity leave? it's really important to me to be able to breastfeed my baby, at least for a while, before i have to start pumping during the day. we're in our 30's, have average incomes - not much left over, but not broke. we're responsible, but with the cost of living, and things like student loans, medical bills, etc. (we don't buy anything "fun" or spend frivolously), we need his income and at least some of mine to make ends meet. so, i don't know if getting *nothing* on my end is feasible during the time i take off. thanks so much for any advice you can provide.

    "It's got some good info on short-term disability..."



    Most US companies do not offer "maternity pay." It is expected that you will use your vacation and sick (or PTO) days. Read the article in the link below. It's got some good info on short-term disability. If you company has it, make sure you know for sure if you do or do not qualify. If you have just started your job, you may not have much time off to use, though. Depending on the type of work you do, maybe you could try to take off the 12 weeks (which are protected by the FMLA) but then come back earlier if you need to for financial reasons. You've still got some time to before your baby is due to scrimp and save some money as well as time to figure things out. A lot of women don't take the full 12 week maternity leave, so don't feel bad if you don't either. And know that breastfeeding is a very adaptable thing - as long as you get things going well the first week or two. You don't have to breastfeed exclusively, either. You could breastfeed at night and formula feed during the day if pumping gets to be too much for you. I would recommend getting to know your local La Leche League leader - it's free and they are a great resource. And if you don't like her - find someone else. The hospital should have a lactation consultant on staff that will help you as well. Their services are free, too (at least while you are at the hospital). Best of luck to you and your family!

    Comment
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    0 0
      

     

    Q. I am being garnished and just went on short term disability will they be able to garnish my disability check.?

    Powered by
    My loan is a student loan

    "You're on disability..."



    Yes, they will. You need to call the loan company and let them know, you're on disability. Maybe they'll let you put the loan on forbearance.

    This answer closely relates to:
    • Getting home loan if on social security
      • Can a senior citizen with no income except social security get a loan to purchase a home?
      • I am moving to australia but have a loan in uk that i cannot pay can the loan company find me?
    • Getting a loan for a home while on disability
      • If i am on disability is it harder to get a home mortage loan?
      • Can you bget approved for a home loan while on disability?
    • Apply for a loan in ma while i am on social security
      • When i apply for a car loan will the bank call my boss to verify my job?
      • Can a senior citizen with a low credit score on social security get a mortgage loan?

    Comment
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    0 0
      

     

    Q. What are the chances of getting the loan now?

    Powered by
    I got preapproved for a home loan i was still working full time, now i am on short term disability will this affect me still gettting the loan? it has not gone through underwriter yet, i know they have to call for job verification will my job have to tell them i am on diability? i am not going to be on short tem forever just a few months so i dont see how that should affect my chances of still getting the loan. i am not going to be on disability for the life of the loan.

    "It will likely disqualify you..."



    Yes, it will likely disqualify you. Don't try to buy until you are back to full-time work status.

    Comment
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    0 0
      

     

    Q. Work long term disability benefits?

    Powered by
    Ok i got diagnosed with hep c and chirroisis and im 40 years of age ive must of had hep for many yeaars to damage my liver this bad ,i was shocked ive lost so much weight and fatique and was finding it impossible to do my work any more...so i went off on short term disability from work which has green shield and beneifits been there 12 years with out missing much time a few sick days since ive been there, and as of june had to go on long term disibility because short term only goes six month `s now ,,, going into my 6th month of long term i get a notice im cut off health care and dental with a weeks notice ,im in the middle of my treatment to cure my ailment and cant afford to pay 1000,00 bucks a box for treatment a month ,what do i do doctor nos i cant work i lost 40 pounds on my 190 frame and the meds im on even makes my life more fatqued and all other side affects ,any body have been through any thing like this before with benifits ,or can i have work terminate me and take a severance package that way i wont loose everything i have now ,and have insurance to pay my loans in case i lost my job ....any ideas would be appreiciated ,do i go on government diability i,ve been working since ive been 17 years of age so been paying pension for years and dont like being home either but have no choice in my sisutation , suffering from lose of appitite fatique no energy and weight lose etc depressed and dont no what to do help

    "Insurance companies will also require you to apply for social security disability even though..."



    This is typical of insurance companies since they want to make it as hard on you as possible to collect. Don't give up. Call the insurance company and really get on them about your long term disability. You have to really make some noise with the insurance company and your doctor since one will depend on getting reports from the other. Everyone that I know in your situation goes through this with disability insurance through work. You get the forms filled out from long term disability from your doctor and they will have to pay you even though they will try to starve you out by stalling things as much as possible. That's why you need to keep bothering them all the time. They will use excuses such as the report didn't come, faxes never reach them, someone else is handling your case right now and they aren't in, etc. It just goes on and on. Don't give up because you are not going to have any other option with your illness. Most insurance companies will also require you to apply for Social Security Disability even though you have long term with them. The reason for that is because if you are accepted for SSD, then all they have to do it make up the difference in what they pay. Example: If your long term insurance pays you $1500 a month and SSD accepts you and pays you $1000, then all the long term people have to pay you each month is $500 to make up the difference. You will get the $1500 for the length of your long term policy. A lot of times it's goes for 5-6 years. If you are not working and have no health insurance and do not have a lot of assets, you might qualify for state aid until you get things straightened out with your money and health insurance. It's tough, but you have to find a way to get by until everything kicks in with your persistence. And what makes it worse is that you have to do this while being sick. Maybe your family can help you out for awhile. There is a 5 month waiting period from the time you stop working until you will be able to collect anything from Social Security. That's why you have to pursue your long term disability because that is all you have got for awhile. It's tough, but hang in there. Has your doctor talked to you about getting a transplant yet? I had cirrhosis from an autoimmune disease and had to get a transplant. I'm doing fine today. Since your hep C seems intent on destroying your liver, I think that might be in your future. It's scary, but it will give you good health again. Transplant was my only option to staying alive. I wish you the best.

    This answer closely relates to:
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