My husband and I both have a large sum to pay off on our college loans and we are having to pay the miniumum at the current time b/c we are paying a high mortgage payment. Is there any creative ways to make money to start paying and saving more $?
2006-08-20 05:50:31 · 11 answers · asked by Angela P 1 in Business & Finance ➔ Personal Finance
I refinanced my house, added the college loan to it, and extended the years of the loan.
Why? 1. Lower interest rate on home loan. 2. interest on home loan is tax deductible 3. colsolidation of loans meant less money paid out monthly
2006-08-20 05:59:22 · answer #1 · answered by Yinzer from Sixburgh 7 · 1⤊ 0⤋
you decided to buy a great house and forget to pay your loan instead . Both need to get 2nd jobs and pay the bills off or better yet sell the house and lower your standard of living and live well with in your means and save up for another dream house when you can afford it . Those student loans the government loves house owners cause that is great collateral - so there goes your equity and maybe your house too .
2006-08-20 13:15:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Living beyond your means. Sounds to me you are a victim of the big housing boom. When mortgage company's qualified people when they really could not afford the house.
I can only suggest taking a loan out on you house, at least you can write the interest off.
2006-08-20 07:08:46 · answer #3 · answered by Grandpa Shark 7 · 1⤊ 0⤋
Sell your house and use the leftover proceeds to pay the other bills off.Then move into a apartment for a few years,with no other debt hanging over you it will be easy to save up some money for another downpayment for a more affordable house.
2006-08-20 05:58:00 · answer #4 · answered by Anonymous · 0⤊ 1⤋
The problem with your question is that it doesn't have enough information for anyone even with any expertise to help you. We know nothing about you, your abilities, your income, your expenses, your training, the hours you work, what your interests are, and on and on. So you ask a question of complete strangers hoping for a magic bullet. There isn't any. You need to find a financial counselor of repute and lay everything out for him or her. Then listen closely and follow the advice you're given.
2006-08-20 06:03:38 · answer #5 · answered by quietwalker 5 · 0⤊ 1⤋
I'm not sure how far you live from me but there might be help for you yet big time this man helped me big time there might be a vocational rehabilitation center which helps people with problems like this the one I go to is in massachusetts but there might be one near you the number I have might tell you the closes one to you its a great place with alot of people who are willing to help the number is 508-347-7661.I hope I helped. :)
2006-08-20 06:13:22 · answer #6 · answered by Jason C 1 · 0⤊ 0⤋
Start a part time at home job like myself! Blogs are actually highly profitable if done right.
2006-08-20 06:02:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Unfortunately nothing easy.
Just the obvious like take a 2nd job, tighten your belts around the house, etc.
2006-08-20 05:54:45 · answer #8 · answered by Anonymous · 0⤊ 1⤋
i found a site that is very interesting...if you think harder, smarter, and do something about the situation you'll never have to worry about money. you must learn how to sell...
2006-08-20 08:37:21 · answer #9 · answered by Ronin 2 · 0⤊ 0⤋
get a job and pay it off
2006-08-20 05:56:58 · answer #10 · answered by Anonymous · 0⤊ 1⤋