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Housing

I Bought a House in Michigan and Lost My Job. – Jason

December 16, 2020December 14, 2009 by Steve Rhode

“Dear Steve, My wife and I bought a house in 2006 in Michigan. Shortly thereafter, the company I worked for began to fail, and I was forced to get a new job. For my new job, I took over a 70% pay cut. We used my 401k savings to make ends meet initially, sold our …

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Categories Ask The Get Out of Debt Experts, Housing

Can I Rent Out Some Rooms in My New Home With an FHA Mortgage? – JJ

December 10, 2020December 10, 2009 by Steve Rhode

“Dear Steve, Purchased home under an FHA loan. Will be inspected to see if I am a primary resident in a month and a half. If this is my primary residence, am I also allowed to rent out a couple of the rooms? JJ” Dear JJ, Well you want to be very careful that you …

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Categories Ask The Get Out of Debt Experts, Housing, Real Estate Tags fha mortgage, hud, rent

I Can’t Afford My New House. – Tim

December 16, 2020December 4, 2009 by Steve Rhode

“Dear Steve, My work loaded dropped off and I have 350.00 a week child support just bought a home about 4 mths ago barrowed from 401K for that and now due to lack of OT work can not make ends meet along with CC. and utilties I am behind in everything. Not much left in …

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Categories Ask The Get Out of Debt Experts, Housing, Retirement Related Tags Use Retirement to Pay Debt

I Want a Divorce From My Cheating Husband But We Have This Mortgage. – Stuck

December 10, 2020June 26, 2009 by Steve Rhode

Stuck “Dear Steve, I am seeking to divorce my husband who I have found out is cheating. We live in a no fault state so that is not an issue. However, though the title to the house is in both our names, the main mortgage is in my husbands. I say main because we qualified …

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Categories Ask The Get Out of Debt Experts, Housing Tags Divorce, Mortgage, rent

New Scam to Watch Out For: vi**********@***il.com & the Rental Scam

December 10, 2020June 2, 2009 by Steve Rhode

I had a friend start to get sucked in on a rental scam that goes like this. Vivian Coleman or Vivian Coleman posts a well written advertisement for a sublease of a beautiful furnished apartment for a below market rate. She says that she and her husband have been relocated out of the area and …

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Categories Debt Articles, Housing, Scam Articles Tags rent

Should We Pay Off Our Mortgage? – Andy

December 16, 2020April 21, 2009 by Steve Rhode

Andy “Dear Steve, I am 62 years old and had planed to retire in 3 – 3 1/2 years. With the ecomonic problems today my wife and I are thinking aobut taking $29000.00 out of my 401K and pay off our mortgage. I am still employed but things have really slowed down. So don’t know …

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Categories Ask The Get Out of Debt Experts, Housing, Retirement Related Tags 401k, Use Retirement to Pay Debt
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Get Out of Debt Guy Podcast - Steve Rhode

Get Out of Debt Guy Podcasts

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  • The College Lie: Why Student Loans Could Be the Worst Investment You’ll Ever Make
  • Video Podcast - A Different Plan for Meaty Mama: Hope, Debt, and Finding a Way Forward
  • A Different Plan for Meaty Mama: Hope, Debt, and Finding a Way Forward
  • Let’s Talk: Finding the Right Path Out of Debt — Without the One-Size-Fits-All Approach

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  • THE CELL: Inside Negasi Zuberi's Concrete Prison | Episode 1: The Escape
  • The Elvis Presley Scam That Almost Worked | True Crime Cases You Haven’t Heard
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