The mortgage amount increased due to county taxes; the property value rose, nice for sellers, not nice for keepers on low income. For eleven years, I've taken in boarders to make ends meet and am now 65. Retirement sounds wonderful and seems to mean downsizing. If I propose to move us to a smaller, non-mortgaged home and Spouse objects, what are possible ramifications?
As for you not having any credit history because you don't have credit cards, I know of one very reputable mortgage company that work with people with no credit history. Have you ever heard of Churchill Mortgage? They are highly recommended by Dave Ramsey, a financial adviser who has a very popular radio show. If you know Dave Ramsey, you'll know that he advocates no debt, and no credit cards. He always recommends people to live on a cash budget and not on credit cards. Anyhow, Churchill Mortgage works with people who don't use credit cards because they know the borrowers don't have debts. And not having debt is a big plus.
Thanks for the recommendation and I shall see about Churchill. I certainly agree that no debt outside of a mortgage is a good place to be in life.
Just to be on the safe side, YOU call the company, that way you're sure you reach and talk to the refi company and not some scammer pretending to be working for them. And do not pay anything over the phone, or give them your cc or bank account number. If they want your credit report, you can get that for free. Let us know of any development.
You will have no taxes. No water bills or upkeep of property. Just electric and cable.
One way to do this: sell your house and buy a smaller one the same time. Make it a condition in your sale that you won't move out until you can move into your new place. Yes, this condition is very common.
Use the money from the sale to put your husband up in a motel for a few days. Hire movers to do all the packing and moving.
Move him back into his favorite chair/sofa in front of his favorite TV in the new place. He may not notice the difference. Haha.
I'll put the "sell and buy a smaller home on contingency" on the list of "possibles." This month, June, all went well re the mortgage payment. SS changed my pay date back in Feb., which bollixed up the whole 2019 budget.
This occurred during a dispute about his paying the water bill, which he did eventually after long periods of refusal. I am becoming discouraged about scrabbling each month making the mortgage payment since Youngest moved out in February to take his rent with him. The person renting Youngest's room naturally pays a fair market value, but isn't able to provide as much funds as Youngest was, and he also doesn't have incentive to provide for his future legacy.
When he signed the Quit Claim Deed, it meant he gave up any and all interest/ownership he had in the house. Since he didn't have any interest in the first place, the Quit Claim Deed probably was meant to re-affirm his non-interest. It shouldn't cause any complication in selling. If anything, it should reassure the buyer that you are the sole owner and can act without your husband.
I was a practicing licensed Real Estate agent for many years.