More examples for this stay at home job might include: a start up business which needs to find sources of insurance or outfitting an office. An independent professional might need help with his or her frantic life: calling the plumber, scheduling doctor's appointments, planning a family reunion or arranging for pet sitting. You could do news releases,marketing materials, bookkepping. This stay at home job would be anything the employer would like help with to make their life easier. You may work "on call" or set a schedule. With this stay at home job you could typically earn $20 to $45 per hour. If you are more specialized you could earn $100 per hour.  It just depends. Some virtual assistants have retainers with clients who commit to paying for 10 to 20 hours per month at a discounted rate.

AssistU and International Virtual Assistants Association (IVAA) offer certification programs.  This could be the perfect stay at home job for you and you can take care of your family at the same time.

]]> Sat, 27 Oct 2007 17:42:26 GMT In order to finance a  mortgage loan the lender is going to require verification documents for employment and income. This documentation may consist of tax returns, recent pay stubs, bank statements, verifications of employment, deposit and rent or mortgage, appraisal, purchase agreement, divorce decrees, bankruptcy papers and  any other in formation the lender thinks is necessary.

You will need to provide a completed mortgage loan application and the requested documentation.  The mortgage loan officer is the intermediary between you, the borrower and the underwriter. The underwriter goes through the documentation in detail to make sure everything meets the requirements. You are not allowed to speak to the underwriter, that is the mortgage loan officer’s job.

After this there is a wait.  The mortgage company underwriter will either approve the loan as is or will ask for a list of items that need clarification or additional documentation. Expect to be asked fot the additional information.

The mortgage company may allow you to restructure your loan if you have some equity in your home. They may even allow you add the past amount due into the new loan.

Another option is to ask your lender to help you get a one-time payment from the government’s FHA-insurance Fund to bring your mortgage loan up to date. If your loan is at least 4 months behind, but no more than 12, you may qualify and you must be able to begin making full mortgage payments also.

If your problem can not be settled in a reasonable amount of time, it may be better for you to sell your home and find one with more manageable payments. Sell the home, pay off both the mortgage loan balance, delinquent debt and avoid home foreclosure.

If you can’t sell your home, it could be possible to sign it over to the mortgage lender.  This is a voluntary foreclosure and may damage your credit record. Your home will be gone, but you will not be liable if the home sells below the debt amount.

When all your options fail, declare bankruptcy. Home foreclosure proceedings are usually stopped until the bankruptcy is settled.  This may save your home, but you will damage your credit for 7 years and won’t be able to control your own finances.

Be ready to discuss your financial situation, before you call your mortgage lender. They will need all the information you have in order to help you. Have notes about your income and expenses so you can answer questions. The mortgage company will be impressed that you are making a sincere effort to come clean about your situation and get your finances under control.

Don’t think the mortgage lender can help? That’s not true. If you get in touch before you miss a payment, the mortgage company may offer forbearance, meaning skipping a month without getting a mortgage late on your credit. If you have lost your job or had a short term set back you definitely need to call. In fact the mortgage lender may give you time to get back on your feet and allow you to skip several payments.

In the past few years, homebuyers, even those with bad credit, have been able to get a home mortgage very easily.  In fact too easily. Many buyers are overextended and have taken mortgage loans with unfavorable terms, even when the housing market had extremely high prices. Homeowners can avoid foreclosure, but only if they act at the moment they begin to experience financial problems.

The first thing to do if you are going to have difficulty meeting your mortgage payment is to get brave, suck it up and don’t be so proud- and call your mortgage lender immediately. Rapid action may prevent the loss of your home.

Mortgage lenders will always work with you to find a way you can keep your home. They are in the business of lending money, not selling real estate!

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