Month: August 2020

Can’t work homeschooling kids!

Hello, I am a single mother of 4 kids. One is special needs and let us nor forget my 5yr old. I am also going through a divorce. 20/20 hasn’t done me any favors. My ex slapped me so hard he broke my glasses in half. But there are some days I regret moving forward with divorce, now I am in financial turmoil. So let’s begin the school yr! My special needs boy needs help logging into everything, and with his general education. While my 5 yr old is online, all of us parents are in the background, just a mess. I still cant send them to school once classes resume in person because of my sons heart condition. Unemployment runs out in two weeks. And the only work at home position I have found pays $7.50. I need help guys. I stay in Montgomery County. We have resources here but I need cash in my pocket. Any suggestions would help. Any work at home jobs, please send my way.

submitted by /u/GrandLeadership
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Mortgage questions

Hi all,

First time home buyer here looking to start the process in the next couple months or so.

Anyone has experience with Rocket Mortgage/Quicken loans? I have two friends who used RM and QL in the past year – both had great experience. I would appreciate any additional inputs and sharing your experience with your mortgage lender whether it’s positive or negative.

I was also wondering how many months of bank statements your mortgage lender requested from you for pre-approval? I understand that it’s typically 60 days, but my friend who recently used QL said he only had to provide the most recent one. The reason I ask is because my parents who live overseas wired me a lump sum of money to help with my down payment (>20%), and I am aware that they would have to provide a gift letter. Due to the fact that their bank is overseas, it’s kind of a hassle to gather the required documents (e.g. translations and notarized copies), so I prefer not to deal with that unless I have to. This means waiting 60 days (or however many months of bank statements that’s required by the mortgage lender) so that the money from my parents has sit long enough on my account. It does not matter to me at the end of the day as I can simply wait 60-90 days to start the process, but if RM or QL only requires one month of bank statement then that means I can get pre-approved sooner and possibly start looking for my dream home already.

Thanks in advance!

(Not sure if matters, but my credit score is 795+, steady and decent income from W-2, no debt)

submitted by /u/Mooncakee93
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