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There are programs in place for disabled individuals to help overcome the obstacles of imperfect credit and limited resources

There are programs in place for disabled individuals to help overcome the obstacles of imperfect credit and limited resources Many people who receive Social Security Disability benefits wonder if it is possible to own their own home, or if they will be stuck renting for the rest of their lives. There are many preconceived notions about people who receive Social Security Disability being unable to qualify for a mortgage. They fear that they do not have enough income or that the fact that they link are on disability and not employed will get in the way of qualifying for a mortgage loan. This isn’t necessarily the case. Many people who receive Social Security Disability benefits can qualify to buy a home and there are programs in place to help disabled individuals qualify for a mortgage. If you are receiving Social Security Disability benefits and you want to purchase a home of your own, there are some things you need to know. No matter what type of mortgage you are applying for, lenders will look at your credit score and income when determining whether or not to approve you for a loan That does not mean, however, that you will not […]

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