Minnesota Veteran Mortgage

Aging Veterans Unaware of VA Pension Benefits - Millions of Veterans and Widows Loose Out

By Carol Howland

For aging veterans, one of their most important benefit programs is the Veterans Non-Service Connected Improved Pension Benefit Program. Established to assist qualified veterans, and/or their surviving spouses and family, the Veterans NSC Improved Pension Benefit Program provides financial support that enables veterans to live independently while receiving the quality of care they deserve. In particular, funds are available for aging veterans who need assistance with medical and non-medical care both in the home and in qualified facilities.

In many cases, veterans, along with their spouses and family, are unaware that this program exists. According to VA analysis, only 27 percent of veterans and 14 percent of widow(er)s who are likely eligible, actually receive any money from the program.

Types of Care Eligible

The availability of this program is something all veterans and their widow(er)s should know. Seniors in our country are now living longer. With higher living costs and the continued rise in healthcare expenditures, many seniors are at risk of quickly depleting their savings. Programs like the Veterans NSC Improved Pension Benefit Program can fund services like in-home care, assisted living facility expenses and other medical costs that many seniors face.

I see many clients that are faced with the difficult task of covering their healthcare expenses. If they qualify for these funds, it takes a huge burden off of veterans and their families. This money can be used to ensure they are given access to the care they need.

Qualifications

To qualify for the Veterans NSC Improved Pension Benefit Programs, a veteran must have 90 days or more of active duty with at least one of those days served during a US-declared war. The benefits are designed for those who meet specific financial criteria and demonstrate a physical need for healthcare.

The Department of Veterans Affairs determines active duty as full-time service, other than active duty for training, as a member of the Army, Navy, Air Force, Marine Corps, Coast Guard, or as a commissioned officer of the Public Health Service, Environmental Science Services Administration or National Oceanic and Atmospheric Administration, or its predecessor, the Coast and Geodetic Survey.

Other qualifications and considerations:

o Discharge for any reason other than dishonorable conditions

o Over the age of 65 or disabled

o Total financial assets

o Physical condition

o Current marital status (if you are the surviving spouse of a veteran)

o Total gross income versus medical deduction

Costly Misunderstanding

There are several reasons why veterans are unaware or misunderstand these benefits. First is the very name of the benefit itself - improved pension benefit. Pension benefits usually come after years of service, not after only 90 days of service.

In addition, many veterans often assume the available benefits are for those who have a service-related disability not just because they turned 65. As the name implies, this program is a non-service connected benefit.

Finally, it is uncommon for a benefit to be available in part just by virtue of age. However, the Veteran NSC Improved Pension Benefit does not require a qualified veteran to have any disability provided that they are over the age of 65.

Important Documents

Applicants who plan to seek VA benefits for the first time must submit the Service Discharge Form (DD-214, DD-215, or for WWII veterans, a WD form). This form will determine their service dates and reason for discharge, full name and military service number.

Applicants seeking VA benefits related to a veteran’s death must submit the following:

o Veteran’s birth certificate

o Veteran’s marriage certificate

o Children’s birth certificates or adoption papers

o Veteran’s death certificate

Next Steps

There are several places to find additional information regarding the application process.

o Department of Veteran Affairs - The entire program is explained throughout their website. For additional questions please contact VA Benefits at: 1-800-827-1000 or visit http://www.vba.va.gov.

o State Veterans Service Officers can assist veterans in filing claims for benefits. Their locations and phone numbers can be found through the phone book under “State Government, Veterans Service Officer”.

o VONAPP - Veterans Online Applications allow an individual to fill out the required forms regarding VA compensation, pension, education and vocational rehabilitation benefits. For more information or to get the correct forms, visit http://vabenefits.vba.va.gov/vonapp/faqs.asp.

These resources can assist in the application process. Other assistance can be provided through various national, county, or local service organizations. In addition, in-home care providers like Comfort Keepers in Clearwater and senior care facilities can assist in accessing the information necessary to evaluate a person’s eligibility for the Veterans Improved Pension Benefit Program.

Comfort Keepers can provide professional guidance while the applicant is completing the necessary paperwork and being assessed for eligibility for the Veterans Improved Pension Benefit Program. Once approved, Comfort Keepers can be the solution for quality in-home care.

About Comfort Keepers

Carol S. Howland is the owner of the franchised business Comfort Keepers in Pinellas County Florida. This office provides Home Care to seniors in Clearwater, Oldsmar, Dunedin, Palm Harbor, Tarpon Springs and parts of Tampa.

Visit www.comfortkeepers.com/caregivers/115 for more information about the services provided to seniors at Comfort Keepers and a Free offer at Carol Howland’ s location.

Carol S. Howland, R. N. is the owner of Comfort Keepers in Clearwater, Palm Harbor, Oldsmar, Florida which is a Private Duty Home Health Agency providing custodial care services and Comfort Staffing home health in Clearwater, Florida which is a Home Health Agency providing skilled nursing. For more information and our free offer Link to http://www.comfortkeepers.com/caregivers/115

Article Source: http://EzineArticles.com/?expert=Carol_Howland
http://EzineArticles.com/?Aging-Veterans-Unaware-of-VA-Pension-Benefits—Millions-of-Veterans-and-Widows-Loose-Out&id=1685870

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Financial Assistance For Elderly Veterans and Their Widows is a Well Kept Secret

Financial Assistance For Elderly Veterans and Their Widows is a Well Kept By Sonja Kobrin

Ask an elderly Veteran if they are aware they may be eligible for a pension from the Veteran’s Administration and they will tell you “I’m not eligible because I was not injured in the War.” This is a common misconception which keeps many Veterans from tapping into a benefit they well earned by serving our country. The fact is elderly, disabled Veterans and their widows may very well qualify for large sums of money, but they have to apply for the funds. There are several Veteran pensions, but the pension designed to help elderly Veterans and Veteran’s Widows pay for costly Home Health Care, Assisted Living Facility or Nursing Home fees (if the Veteran is not covered by Medicaid) is called Special Monthly Pension with Aid and Attendance. The pension can pay a married Veteran up to $1,949.00 per month, an unmarried Veteran up to $1,644.00 per month and a Veteran’s Widow can receive up to $1,056.00 per month. The amount one receives is based upon their medical expenses and their current financial and medical status. The pension is paid by check directly to the Veteran or Veteran’s Widow every month as long as they meet the criteria.

The Special Monthly Pension with Aid and Attendance is the government’s best kept secret. I cannot tell you how many seniors have told me that they called Veterans Affairs and were actually told that this pension does not exist or that they do not qualify. For thirteen years, I have assisted Veterans and Veteran’s Widows in obtaining these funds - they really do exist.

To get the maximum pension amount, a Veteran must qualify medically and financially and must have served their country for at least one day during “War Time”. Also the Veteran must have been honorably discharged. Every case is considered individually. If a Veteran or Veteran’s Widow feels they may qualify, they can apply for the pension. The pension can take many months to actually be approved. The average waiting period is three to eight months. The first check will be retroactive to the month the application arrived at the Veterans’ Affairs, therefore the first check may be for thousands of dollars. Subsequent checks will arrive monthly for the approved amount. This pension money can mean the difference between affording adequate care for an aging Veteran/ Widow or having no care at all.

As with any governmental program, success is all in the paperwork. The pension application is many pages long and some of it is in essay form. It is the exact wording used in the essay areas that mean the difference between approval and denial. Also, Veteran’s Affairs does not tell Veterans about all the supporting documents that they would like to see. The better the medical and financial records, the better the chances are of approval. Including the right medical forms signed by a doctor is very important for approval. Also typical of governmental red tape is the frustrating lack of communication. Once the application is filed and in the process of being reviewed, it is nearly impossible to get an update or check on the status of the application unless the Veteran/ Widow make the call themselves. For most of our clients, they are too ill or too confused to make a call like that.

In a perfect world, financial assistance for those who qualify should be easily accessible and easy to get. But the reality is that government agencies are inherently complicated and their application processes are never self explanatory or simple. Ignorance of the rules is no excuse and no one will tell you the rules. The rules are written in a handbook, but the Veterans Affairs is not allowed to give them to you. Seasoned Eldercare professionals can often navigate these processes for you. They may charge for their services, but to attempt to do it yourself and have your application denied, will cost much more money. The Department of Veterans’ Affairs supposedly employs staff to help Veterans and their Widows apply for these pensions for free, but it is these very people who have told so many seniors that they do not qualify, when in fact they could qualify if they made one small change. Perhaps Veteran’s Affairs is afraid that if they made it easy for every Veteran to apply, the pension fund would go broke. Given that War Time includes the Gulf War Era which began in 1990 and has not ended yet, I anticipate the pension fund will one day be either broke or impossible to get. For now, the money is very much available and attainable.

Here are the Special Monthly Pension with Aid and Attendance eligibility criteria for the year 2008.

1) Veteran served in the Military for at least one day during War Time or had a spouse who served at that time. Spouses are people whom you never divorced.

2) Honorably Discharged from the Military.

3) Currently has medical or psychological condition which make the Veteran or Veteran widow dependent on the aid or assistance of a non- family member in order to meet their daily care needs or they reside in an Assisted Living Facility or Nursing Home ( not on Medicaid). This claim must be supported by physician signed forms, financial data and medical records.

4) Veteran Financial Criteria: Have assets in their own name below $80,000 (if married) or below $50,000 (if single). The car and house does not count as an asset. Annual income below $19,736,.00 (if single) or $ 23,396.00 (if married) after all medical expenses such as insurance premiums/copays, assisted living facility fees, paid caregiver salary, medications, medical transportation/ supplies, certain housing expenses, etc.

5) Veteran Widow Financial Criteria: Assets below $50,000 and income less than $12,681 per year (after medical expenses listed above).

6) Note: Income figures are AFTER MEDICAL EXPENSES. VA may require someone of advanced age to have fewer assets than quoted above. We have seen this when applicants are near 100 years old.

In many cases, if a person has a paid care giver, such as a nurse’s aide, or they pay an assisted living facility, or they pay out of pocket for a nursing home, those expenses impact so greatly on a person’s net income, that they will meet the criteria for the income level.

If a Veteran or Veteran Widow has cash assets above the limit, they are allowed to place those assets into certain investments in order to have them “sheltered”. This sheltering does not have a penalty or “look back period” associated with it. Proper asset sheltering for Special Monthly Pension with Aid and Attendance should be done under the supervision of an elder care professional or attorney well versed in Medicaid planning because one could easily ruin the chances of ever getting Medicaid if the V.A. pension planning was done incorrectly.

With a little professional planning, many Veterans and Veteran Widows can receive pensions that make a significant difference in the amount of care they receive. After all, the reason for this particular pension is to assure that a Veteran or Veteran Widow does not live in a substandard environment in their old age. It takes a little work to apply for this pension, but anything worth having usually does.

Geriatric Care Managers and Elder Health Care Professionals Committed To Providing Senior Care Management, Guardianship, and Long Term Care Planning. Also can call toll free at V.I.P. Care management, inc. 1-877-588-5158.

Article Source: http://EzineArticles.com/?expert=Sonja_Kobrin
http://EzineArticles.com/?Financial-Assistance-For-Elderly-Veterans-and-Their-Widows-is-a-Well-Kept-Secret&id=3470434

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Check Out Energy Rebates

EnergyStar.gov — Check Out Energy Rebates

This is a government site that offers lots of energy saving tips as well as explains what energy saving grants or credits might be available.

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Twin Cities Foreclosure Trends-From our MLS & Realty Trac

Besides the board of realtor sites:  http://theThing.mplsrealtor.com and market data posted elsewhere at http://www.MplsRealtor.com I have a subscription to Realty Trac.  My subscription gives me additional data about foreclosures and trends within certain zip codes.  This is in addition to my daily subscription to Finance & Commerce (a business newspaper that prints all the foreclosure information as well as very timely articles regarding the business community).  If you are looking for someone who has experience and access to information about distressed sales, we need to be working together.  Whether buyer or seller-I can help you understand the market we are in and the options and opportunities available to you.  Give me call today.

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Real Estate Information

These are a couple of my newsletters that have a ton of valuable information. Go check them out.

Foreclosure Market Trends Newsletter
http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=131bd355-1b69-4bd1-99cd-2f0c9a936810

Real Estate Cyber Space Tips
http://www.REcyber.com/cybertips/r11627

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Moving Video & Tribute

Why is it that we forget?

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Financial Assistance For Elderly Veterans and Their Widows is a Well Kept Secret

Financial Assistance For Elderly Veterans and Their Widows is a Well Kept SecreBy Sonja Kobrin

Ask an elderly Veteran if they are aware they may be eligible for a pension from the Veteran’s Administration and they will tell you “I’m not eligible because I was not injured in the War.” This is a common misconception which keeps many Veterans from tapping into a benefit they well earned by serving our country. The fact is elderly, disabled Veterans and their widows may very well qualify for large sums of money, but they have to apply for the funds. There are several Veteran pensions, but the pension designed to help elderly Veterans and Veteran’s Widows pay for costly Home Health Care, Assisted Living Facility or Nursing Home fees (if the Veteran is not covered by Medicaid) is called Special Monthly Pension with Aid and Attendance. The pension can pay a married Veteran up to $1,949.00 per month, an unmarried Veteran up to $1,644.00 per month and a Veteran’s Widow can receive up to $1,056.00 per month. The amount one receives is based upon their medical expenses and their current financial and medical status. The pension is paid by check directly to the Veteran or Veteran’s Widow every month as long as they meet the criteria.

The Special Monthly Pension with Aid and Attendance is the government’s best kept secret. I cannot tell you how many seniors have told me that they called Veterans Affairs and were actually told that this pension does not exist or that they do not qualify. For thirteen years, I have assisted Veterans and Veteran’s Widows in obtaining these funds - they really do exist.

To get the maximum pension amount, a Veteran must qualify medically and financially and must have served their country for at least one day during “War Time”. Also the Veteran must have been honorably discharged. Every case is considered individually. If a Veteran or Veteran’s Widow feels they may qualify, they can apply for the pension. The pension can take many months to actually be approved. The average waiting period is three to eight months. The first check will be retroactive to the month the application arrived at the Veterans’ Affairs, therefore the first check may be for thousands of dollars. Subsequent checks will arrive monthly for the approved amount. This pension money can mean the difference between affording adequate care for an aging Veteran/ Widow or having no care at all.

As with any governmental program, success is all in the paperwork. The pension application is many pages long and some of it is in essay form. It is the exact wording used in the essay areas that mean the difference between approval and denial. Also, Veteran’s Affairs does not tell Veterans about all the supporting documents that they would like to see. The better the medical and financial records, the better the chances are of approval. Including the right medical forms signed by a doctor is very important for approval. Also typical of governmental red tape is the frustrating lack of communication. Once the application is filed and in the process of being reviewed, it is nearly impossible to get an update or check on the status of the application unless the Veteran/ Widow make the call themselves. For most of our clients, they are too ill or too confused to make a call like that.

In a perfect world, financial assistance for those who qualify should be easily accessible and easy to get. But the reality is that government agencies are inherently complicated and their application processes are never self explanatory or simple. Ignorance of the rules is no excuse and no one will tell you the rules. The rules are written in a handbook, but the Veterans Affairs is not allowed to give them to you. Seasoned Eldercare professionals can often navigate these processes for you. They may charge for their services, but to attempt to do it yourself and have your application denied, will cost much more money. The Department of Veterans’ Affairs supposedly employs staff to help Veterans and their Widows apply for these pensions for free, but it is these very people who have told so many seniors that they do not qualify, when in fact they could qualify if they made one small change. Perhaps Veteran’s Affairs is afraid that if they made it easy for every Veteran to apply, the pension fund would go broke. Given that War Time includes the Gulf War Era which began in 1990 and has not ended yet, I anticipate the pension fund will one day be either broke or impossible to get. For now, the money is very much available and attainable.

Here are the Special Monthly Pension with Aid and Attendance eligibility criteria for the year 2008.

1) Veteran served in the Military for at least one day during War Time or had a spouse who served at that time. Spouses are people whom you never divorced.

2) Honorably Discharged from the Military.

3) Currently has medical or psychological condition which make the Veteran or Veteran widow dependent on the aid or assistance of a non- family member in order to meet their daily care needs or they reside in an Assisted Living Facility or Nursing Home ( not on Medicaid). This claim must be supported by physician signed forms, financial data and medical records.

4) Veteran Financial Criteria: Have assets in their own name below $80,000 (if married) or below $50,000 (if single). The car and house does not count as an asset. Annual income below $19,736,.00 (if single) or $ 23,396.00 (if married) after all medical expenses such as insurance premiums/copays, assisted living facility fees, paid caregiver salary, medications, medical transportation/ supplies, certain housing expenses, etc.

5) Veteran Widow Financial Criteria: Assets below $50,000 and income less than $12,681 per year (after medical expenses listed above).

6) Note: Income figures are AFTER MEDICAL EXPENSES. VA may require someone of advanced age to have fewer assets than quoted above. We have seen this when applicants are near 100 years old.

In many cases, if a person has a paid care giver, such as a nurse’s aide, or they pay an assisted living facility, or they pay out of pocket for a nursing home, those expenses impact so greatly on a person’s net income, that they will meet the criteria for the income level.

If a Veteran or Veteran Widow has cash assets above the limit, they are allowed to place those assets into certain investments in order to have them “sheltered”. This sheltering does not have a penalty or “look back period” associated with it. Proper asset sheltering for Special Monthly Pension with Aid and Attendance should be done under the supervision of an elder care professional or attorney well versed in Medicaid planning because one could easily ruin the chances of ever getting Medicaid if the V.A. pension planning was done incorrectly.

With a little professional planning, many Veterans and Veteran Widows can receive pensions that make a significant difference in the amount of care they receive. After all, the reason for this particular pension is to assure that a Veteran or Veteran Widow does not live in a substandard environment in their old age. It takes a little work to apply for this pension, but anything worth having usually does.

Geriatric Care Managers and Elder Health Care Professionals Committed To Providing Senior Care Management, Guardianship, and Long Term Care Planning. Also can call toll free at V.I.P. Care management, inc. 1-877-588-5158.

Article Source: http://EzineArticles.com/?expert=Sonja_Kobrin
http://EzineArticles.com/?Financial-Assistance-For-Elderly-Veterans-and-Their-Widows-is-a-Well-Kept-Secret&id=3470434

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Outstanding Video-An Inspiration To All-Be The Best You Can Be!

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Twin Cities Home buyer book

Thinking about buying a home but don’t know where to start? Why not start by reading the home buyer hand book that we have provided below. It is a great place to start to get the information you need. When you’re ready, we would love to help you find and finance a new home.

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Special Financial Info For Military Families

I just ran across a new link that I wanted to share– http://www.kiplinger.com/reports/military-families/ There is a report that you can download that has a lot of useful information. Also, I have a link to the IRS as well. http://www.irs.gov/publications/p3/index.html Don’t forget, if you are serving outside the US for 90 days between December 31st 2008 and May 1st 2010 you will have an extra year to qualify for the tax credit. Call us for more details or if you’d like to begin the home buying or mortgage qualifying process.

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Honor Those Who Served On Memorial Day

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Thank You Veterans!

Thank you to those of you who served in the military.

REALLY MAKES ME PROUD TO BE AN AMERICAN!!!!!!!!!!!!!!!!!!

Preparation for Memorial Day

Keep it
moving, please, even if you’ve seen it before.

It is the
VETERAN,
not the preacher,
who has given us freedom of religion.

It is
the VETERAN,
not the reporter,
who has given us freedom of the press.

It is
the VETERAN,
not the poet,
who has given us freedom of speech.

It is
the VETERAN,
not the campus organizer,
who has given us freedom to assemble.

It is
the VETERAN,
not the lawyer,
who has given us the right to a fair trial.

It is
the VETERAN,
not the politician,
Who has given us the right to vote.

It is the
VETERAN who
salutes the Flag,

It is
the
VETERAN
who serves
under the Flag,

ETERNAL REST GRANT THEM O LORD,
AND LET PERPETUAL LIGHT SHINE UPON THEM.

I’d be
EXTREMELY proud if this email reached as many as possible. We can be very
proud of our young men and women in the service no matter where they serve.

God Bless them all!!!

Makes you proud to be an AMERICAN!!!!

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Are you a majority owned veteran business owner or a disabled (service related) veteran?

If you are and want to start your own business or partner with someone else and retain a majority 51% ownership, you have a huge advantage in obtaining government contracts.  Here is a link http://www.vip.vetbiz.gov/ to register your business.  On November of 2009 the Council On Veterans Employment was started to help improve opportunity for Vets!!  This could be HUGE.  If you happen to be a woman or a person who qualifies as a disadvantaged business due to ethnicity, you have even more opportunity.  There are programs available for those who want to seek out self employment.  Did you know that small businesses actually create most of the jobs.  We NEED you to form a business and lower the unemployment rate and hopefully hire others to work in your new thriving business.

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National Guard and Reserve Benefits

I was doing some research and came across this link http://www1.va.gov/vhapublications/ViewPublication.asp?pub_ID=1138 it gives a great summary of who is available for which benefits.  They have phone numbers and links for more information.

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Military & Social Security Benefits

I was on the SS administration site today and found this PDF. I thought it was valuable information for vets, so I have it available to you here.

MilitaryAndSocial Security.pdf

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Minnesota Vets May Qualify for Home Buying Tax Credit Extention

Under the new law-Worker, Homeownership and Business Assistance Act which is now a new law as of November 2009, individuals and there spouses who serve on qualified extended-duty service outside the country for at least 90 days between January 1st, 2009 and April 30th 2010 with have an extra twelve month to buy and close on a home in order to take advantage of the tax credit. So, they would have to buy a new house by April 30th, 2011 and close on this home within a 90 day time frame.

Another cool twist is that the veteran won’t have to pay back any of the credit if he/she has to move at least 50 miles away for new deployment that will be expected to last 90 days or longer.

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Open Source Documents-Unbelievable Resources-Find YOUR topic of Interest

If you’ve never visited http://www.Archive.org, you are missing a wonderful site.  From this site, you will find many resources that are out of copyright and you can download and use them as you wish.  You will find all the classics and some fun things as well.  Just for fun, I have the download of a book called “Little Gardens” which is a book about setting up a garden on a city lot.  This is just one of the MANY fun things you’ll find.  You can download and watch old music, movies, and cartoons as well.  Plan to spend some time on the site should you decide to visit, as it is very cool.  Click here to download the book Little Gardens

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Giving Back in a Powerful Way

http://primaryelec.com/HelpingMinnesotaVeteranFamilies.aspx I am a member of LinkedIn. Today I saw what this company did for a Veteran family and how they gave back. I wanted to share this, to show vets everywhere that they are appreciated. This company took it a step further. I have no affiliation with them, but I think they should be recognized.

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The Clash-Rock The Casbah-An Oldy But A Goody

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In God We Trust-How long will these words remain a part of our country?

On July 30, 1956, the 84th Congress passed a law declaring “In God We Trust” to be the national motto of the United States. The motto was added to paper money over a period from 1957 to 1966. Since 1938, all United States coins bear the inscription.   - Provided by The World Almanac 2010

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Sell Your Home Faster-Learn The Home Selling Secrets Of Successful Sellers

Here is a special report that outlines over 450 ideas on how to sell your home faster.  This report is just one of the many home buyer, home seller, and investor reports that I can make available to you.  Read this report and call me to arrange a time to see how I can help.  Download Now

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Homeowners Assistance Program-Department Of Defense

http://hap.usace.army.mil/ Look at this-From the website:

The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement.

The American Recovery and Reinvestment Act of 2009 (ARRA) temporarily expands the HAP to assist service members and DOD employees who are wounded, injured or become ill when deployed, surviving spouses of service members or DOD employees killed or died of wounds while deployed, service member and civilian employees assigned to BRAC 05 organizations, and service members required to permanently relocate during the home mortgage crisis.

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Cool Movie Trailers With Patriotic Theme

I just found this website  http://objflicks.com/ You will love the movie and sound trailers.  All sort of Military and Patriotic stuff for you to view!

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Generations of Valor

This Picture is Worth 1000 Million Words (minimum!) . . .

We truly take a lot for granted.

Forget the football ‘heroes‘ and movie ’stars’.  AND MICHAEL JACKSON!

Pass this on so that all may know the price of freedom.

Only two defining forces have ever offered to die for you,

Jesus Christ and a Soldier..

One died for your soul; the other for your freedom.

How can you NOT PASS this along, we all send dozens of jokes.

In God We Trust

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Minnesotans’ Military Appreciation Fund

Watch this excellent video.  http://www.youtube.com/watch?v=C26Yd_25BWQ

This fund gives a cash grant to soldiers and families of soldiers who have served in a recent military war zone.  Learn more at http://www.thankmntroops.org

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Support Operation Minnesota Nice

Helping Vets-one package at a time
http://www.operationminnesotanice.com

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Visit the VFW Site

Check out the VFW site for fun and resources.
http://www.vfw.org/

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Pat Metheny Letters From Home

While this isn’t the same as the movie with a similar name (which was excellent) and referenced in my recent post, this video and music still will mean something to you. I think for everyone it will mean something different. Enjoy

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Dear America-Letters From Vietnam-Must Watch

About 8 years ago my wife and I were in Chicago.  We went to China Town for Dim Sum, and on the way back decided to stop at a new museum-the National Vietnam Veterans Museum.  We were touched.  Unlike the other Chicago art museums, this one was really unique.  I have included the link to the museum below.  Since our first visit, we went back to Chicago and visited again.  On our second visit, they had a movie that would run in their viewing room.  It was entitled Dear America-letters From Vietnam.  Famous actors and actresses would read the letters sent home by vets.  They gave the letter life.  It is TRULY an amazing film.  Here is the link to the Youtube link were you can watch the movie.  They have broken it down into chunks:
http://www.youtube.com/view_play_list?p=1F909A7F347AF831&search_query=Dear+America

National Vietnam Veterans Art Museum
www.nvvam.org

1801 S Indiana Ave
Chicago, IL 60616-1308
(312) 326-0270

Open Tue-Fri 11am-6pm; Sat 10am-5pm

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Extension And Expansion Of Home Buyer Credit-4/30/2010

A Big WOW!!  The credit has been expanded to include homeowners who have owned their home for the past 5 years. No longer do you need to be a first time buyer.  The dollar limit is $8000 for first time buyers and $6500 for move up buyers.  This GREAT news.  Combine this with 50 year lows in interest rates, and you’d be crazy not to consider making a move.  If you feel secure in your job, think hard about buying  home at this time.  We can help you make the right move. Visit this site-which is from the National Association Of Home Builders  http://www.federalhousingtaxcredit.com/faq2.php This site give you all the rules and regulations as they now apply.

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ThanksGiving-Perspective

This link will take you to a cool video presentation on Thanksgiving.  Next week we will have the opportunity to reflect on all the things we have to be thankful for.
http://www.cpmsglife2.org/MSG/Pres/td/td1.html

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Solutions For Returning Vets

I just found this online today. I’m not sure if there is a Minnesota resource that is similar, but the resources page will be of great help. If you know of someone or a family who needs a little help, please share this link.
http://www.thesoldiersproject.org/

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Home Buyer Tax Credit Information Update

It’s now official!! The tax credit has been extended and expanded. YOU NEED TO HURRY! You now have until the end of April 2010. The following summary of the credit is provided by the National Association Of Realtors. The following two documents cover the changes in the new law. Now get out there and buy a home!!

NAR FAQ: Homebuyer Tax Credit Changes
NAR Issue Brief: Homebuyer Tax Credit Changes

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2008 First Time Homebuyer Credit Questions and Answers

2008 First Time Homebuyer Credit Questions and Answers. Click Here

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First Time Homebuyer Credit form 5405

Download this First Time Homebuyer Credit form 5405 to claim your credit. Click Here

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Veteran’s Day-November 11th- Thank You!

For those who want to learn more about Veteran’s Day, here is the link at Wikipedia:  http://en.wikipedia.org/wiki/Veterans_Day Have you said “thank you” to a Vet?  I have. Have you ever welcomed them and wished them luck at the airport?  I have.  You know what, they appreciated it.  They appreciated that someone they’ll never see again recognized them for what they do and the sacrifices they’re making.  What they do makes our lives possible.  Freedom isn’t free, and they’re paying the bill.  Next time you see a Vet or active duty serviceman or servicewoman, Thank them.  I guarantee you’ll both feel better.

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Homebuyer Protection Alert!

Recent Federal legislation can impact your closing date. When completing your Purchase Agreement, even if you are prepared to move forward and close quickly, a more conservative timeframe of at least 30-45 days from the time of the contract acceptance would be a more realistic expectation at this time.

Listed below is information on two pieces of legislation that stand to impact your closing date, and a few bullet points that explain the reasoning behind and effects of each measure.

HVCC: Home Valuation Code of Conduct
HVCC was designed to ensure that appraisals are conducted objectively and without pressure from parties with an interest in the transaction. Under HVCC:

• The appraisal and selection of the appraiser will be ordered by someone not directly involved in the origination of the mortgage. This could be either someone else within the mortgage company or a third-party appraisal management company.
• A copy of the appraisal must be provided to the homebuyer/borrower no less than three days before closing. The minimum time expectations for receipt of the appraisal should be a few weeks and not days. (While receipt of the appraisal may be received in shorter timeframes, conservative expectations are warranted.)
• Communication between the appraiser and the originating mortgage professional is prohibited. It is imperative that the agents involved in the transaction be prepared at the time of inspection to offer supporting value information if warranted.

HERA: Housing and Economic Recovery Act

HERA was designed to ensure that the borrower(s) involved in the transaction are given accurate disclosure information (Truth in Lending Statement pertaining to Annual Percentage Rate or APR) regarding the loan they are applying for and adequate time to re-evaluate their decision to proceed in the event of any changes that would impact their costs to finance.

Under HERA:

• No fees may be collected for the transaction other than those for running a credit report at the initial time of application. Additional fees may be collected only after four business days.
• Should the APR change by more than .125% on a fixed rate loan or .250% on an adjustable rate loan, the lender must disclose the new APR and the borrower must have a minimum of three business days to review the information before the transaction may proceed.
• Items that can trigger re-disclosure requirements include a change(s) in the loan amount, closing date, loan program, any fees that impact the APR or interest rate from the rate indicated on the original loan application.
• In cases where documents are sent by mail to the borrower related to re-disclosure of APR and/or providing a copy of the appraisal, anticipate six business days (three to allow for mailing and three to allow adequate time to review them) before a closing can occur.

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MN First Time Home Buyer and Minneapolis Home Buyer Alert!

Tax Credit Expires 11/30/09 - Don’t Get Left Behind

MN Mortgage Broker, Patti Mazzara, warns MN First time home buyers not to miss out on the first time home tax credit that is about to expire. The first time home buyer tax credit which can be used on a Minneapolis home loans when Minneapolis home buyers close before November 30, 2009.

Unless you have either been under a rock for the past 12 months or you never work with first time homebuyers (FTHBs), you are no doubt aware the clock is ticking on the IRS tax credit for FTHBs. My purpose here is to give you some additional information on what you can do to move listings, motivate buyers, and more importantly close deals.

General Points to Consider - Buyer and Seller
The expiration date of the tax credit is November 30, 2009. Close December 1, as of now, and any qualifying buyer will not receive the tax credit. With the 30th falling on the Monday following Thanksgiving, where possible work towards a closing date of November 24th. This will provide some cushion if anything pops up in the closing process that could delay a closing.

Recent legislation mandates that if the Annual Percentage Rate or APR changes outside acceptable tolerances from the initial application, some documentation needs to be re-disclosed and time needs to pass before the closing can occur. Items that can impact APR can include a change in interest rate or fees required to close. If a buyer delays locking the application and interest rates increase during the loan process, this could delay the closing. This is just one reason to plan accordingly and schedule an earlier closing date than the last possible day.

Protect your clients on both sides with extended closing dates of 45-60 days. Expectations are high that more FTHBs will be going under contract in the next month. Interest rates have fallen to levels not seen since May. The result is that many lenders’ pipelines will be swelling with people seeking to take advantage of lower rates and the tax credit. Where feasible, work to get people under contract soon and plan accordingly to allow for any processing delays that could result.

Seller Points to Consider
Many FTHBs are motivated to purchase but may lack the necessary funds to close or may fall short in qualifying income. One way to assist with either or both situations and make the property more attractive is to promote that the seller will pay to reduce the borrower’s interest rate and/or closing costs. In many cases, this will not only cost the seller less than a price reduction but also bring additional prospects to consider the house.

Most FTHBs today are choosing to obtain loans that are guaranteed by the FHA, VA, or USDA. In the case of both FHA and USDA loans, the seller can pay up to 6% of the sales price or appraised value. For VA loans, the maximum seller concession is capped at 4%.

Consider approaching all sellers today with homes that would appeal to FTHBs and get them to commit to paying closing costs and/or reducing the buyer’s interest rate. This has often worked for builders in generating sales and it can work for your sellers, too.

Sellers who do not move homes before the end of November may find themselves waiting until the spring buying season kicks in to find their buyer. Make sure sellers know they need to promote their property now or risk waiting months while potentially seeing their property’s value decline in the process.

Buyer Points to Consider
In the same light as just mentioned, many buyers may feel they lack the funds required to close. When buyers are interested in a property, encourage them to submit an offer with the concessions needed to get the mortgage approved. They may just find that the seller is willing to negotiate.

Get all potential buyers pre-approved. As the time to close will be at a premium during the months of October and November, any work that can be done to expedite the application process will be golden. Prepare your buyers by advising them not to wait until they have a home under contract. Any documentation submitted today for pre-approval should be good through the end of November. Also, with a pre-approval in hand, both you and they will know exactly what they can qualify and shop for.

If you want to help with the application process and prevent the need to possibly re-disclose loan documents, encourage your buyers to lock their interest rate early in the loan process. This will be helpful for all parties and help the buyer focus on closing and providing any additional documentation that may be needed.

Some Questions on Who May Qualify
I have received many questions regarding who may and who may not qualify for the FTHB tax credit. I am attaching to this letter some FAQs on examples I have either dealt with or read about. As always, I encourage anyone with specific questions to consult with an accountant for final clarification.

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FMLA Military Leave Law Expanded

Dear John Mazzara,

Federal Legislative Alert!

Yesterday, President Obama signed into law the Fiscal Year 2010 National Defense Authorization Act (H.R. 2647).  The new law includes an expansion of the recently-enacted exigency and caregiver leave provisions for military families under the Family and Medical Leave Act of 1993 (FMLA).

In January 2008, Congress amended the FMLA to provide:

• Exigency leave - up to 12 weeks of leave for urgent needs related to a reservist family member’s (spouse, son, daughter, or parent) call to active service.
• H.R. 2647 expands the exigency leave benefits to include family members of active duty service members.  Under current law, only family members of National Guard and Reservists are eligible for “exigency leave.
• Caregiver leave - up to 26 weeks of unpaid leave to an employee to care for a family member (spouse, son, daughter, parent, or next of kin) who is injured while serving on active military duty.
• H.R. 2647 expands the caregiver leave provision to include veterans who are undergoing medical treatment, recuperation or therapy for serious injury or illness that occurred any time during the five years preceding the date of treatment.

These previsions are effective upon enactment.

In addition to providing leave for military families, the FMLA provides unpaid leave for the birth, adoption or foster care placement of an employee’s child, as well as for the “serious health condition” of a spouse, son, daughter, or parent, or for the employee’s own medical condition.  To be eligible for the leave, employees must work in organizations of 50 or more employees and work at least 1,250 hours in a 12-month period.

Visit the web address below to tell your friends about this.  Tell-a-friend!

If you received this message from a friend, you can sign up for Governmental Affairs.

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Renters Have Much to Gain by Pursuing Home Ownership

Read by clicking here: Renters Press Release

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MN Veteran & Service Member Assistance/Resource Guide-By MN Attorney General

Looking for EXCELLENT information as either an immediate download or mailed to your home for FREE?  Check out what the MN Attorney General provides on their website.  Here- https://www.ag.state.mn.us/Office/Publications.asp is the link to order any of their publications.  Click here for the one entitled “MN Veteran & Service Member Assistance/Resource Guide“

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Military Family Preparedness Resource

The government has put together a “go to” resource you might want to check out.  It is perfect for those that want to take a little bit of time and have everything in order.  It is available for all branches of the military.  Good practical ideas for you and your loved ones.

http://www.ready.gov/america/getakit/military.html

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Neighborhood Stabilization Program- Hennepin County Redevelopment Tool

We work within the parameters of this program. One of our lenders will accept this form of funding. READ more about it and see if it might work for you. We would love to help you find and finance a home within the areas that qualify.

http://www.hennepin.us/neighborhoodstabilizationprogram

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Down Payment Assistance Programs (DAP) Lender Approved In MN

On of our lenders has pre-approved various down payment assistance programs. These programs MAY have changed and MAY be out of money when you contact them. Things change all the time. With that being said, we can use these programs in conjunction with FHA, My Community and the Home Possible loan programs. We are a Minnesota mortgage broker and may be able use these programs for YOUR transaction. Call us to begin the loan process and we can work together to find you a combination of funding sources that would work for you. Click Here

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In Honor of All Our Great Men and Women Who’ve Served and Didn’t Return

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First Time Home buyer Loan Programs & Other Special MN Loan Programs

Here is a matrix that is very helpful explaining just some of the mortgage programs and their guidelines.  There ARE more loan options than these as well.  MN loan options are constantly coming and going-guidelines change.  We don’t work with all the programs, but we do work with many of them.  Call us to help you navigate through the home purchase process and select the right loan for you.  Look at the Matrix of programs provided. Click Here

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10 THINGS YOU CAN DO IMMEDIATELY TO SLASH DEBT AND SPENDING

Any financial planning process begins with a change in financial behavior and expectations. The degree of change varies based on financial priorities, but in the end, it’s about adopting new habits and abandoning others.

Before you take any of the following steps, it makes sense to talk to an expert who can help you see your whole financial picture. A CERTIFIED FINANCIAL PLANNER™ professional can examine all your sources of income and expenses and find the most efficient ways to cut expenses, pay off debt and boost the money you have for saving and investing.

In the meantime, here are some ideas:

Refinance if you can: Mortgage rates are still at historically low levels. You’ll need at least 10 percent equity (20% of equity will save you the PMI insurance cost) in your home and a credit score exceeding 720 to qualify for the best rates, but start negotiating with your current lender first and see how well you do.

Track your spending for a week: Either on paper or on the computer, write down every dollar you spend in the average week (and cut off credit card use during that week). At the end of that week, start marking out non-essential items just to see how much you could live without. Start with coffee and restaurant or carryout meals and work backward from there.

Make a budget: Once you’ve established how your income covers the essential expenses you must plan for, and a few inexpensive treats that should stay in, build a budget that includes specific amounts you can allocate toward debt. Keep a running total of your spending going forward, and revisit how that budget is working on a monthly basis until you start to see some positive results, and then you can review the performance of that budget a little less frequently.

Reset your entertainment expectations: Find ways to save money with friends – cook more meals at home or rent a movie instead of going out to see one. Also, get used to checking entertainment listings for free events that interest you.

If you can do it safely, take over home and auto maintenance yourself: The do-it-yourself movement is in a new phase with the economic downturn. For any home or auto maintenance chores you may have during the year, learn as much as you can about those tasks and estimate the cost of materials and your time before doing them yourself. Previous generations made do-it-yourself a necessity. See if that option is right for you and you might save considerable money doing it. Also, for bigger jobs, pair up with friends and family and you can help each other save money.

Set a new gift policy with your adult friends and family: Does everyone on your gift list over the age of 21 really need a present for birthdays and major holidays? Suggest to family and friends to have a gift drawing, a budget limit, a moratorium on gifts, or some other alternative where you trade off gifts for quality time. Even though the holidays are a few months away, it’s not too early to think about reining in the traditional holiday overspending.

Go debit: Debit cards wearing a bankcard logo are typically welcome at most stores where credit cards are accepted. This way, you pay cash without carrying cash. If you don’t have such a card, you can get one from your bank to replace your traditional ATM card, but remember to tell them to limit your buying power on the card to only what you have in your account. And use the overdraft protection to avoid fees.

Revamp your shopping list: Give this a shot: start a central weekly shopping list on a single piece of paper and add a dollar value for each. Write everything you think you need to buy on that single sheet, from groceries to clothes for the kids. That way, you’ll see all your proposed spending in front of you, and you can get a closer look at what your true priorities are. You’ll be surprised at all the “essentials” that are not really that essential that you can cross off before you spend.

Talk to your family about spending: When you’re talking to kids about budgeting and lowering your expenses, you have to walk a fine line between discipline and fear. But setting money priorities is part of growing up, and it’s essential to discuss and agree upon them as a family.

Buy used for yourself: Make someone else’s poor luck your good luck. If you need clothing, a car or a new watch to replace the old one that’s past fixing, it might be worthwhile to buy second-hand. The best places to find these gems are on the internet on places like craigslist. Plenty of people have unloaded items in relatively good shape to bring in cash during the recent downturn. You might do very well, and if anyone asks, don’t call it used; call it “vintage.”

October 2009 — This column is produced by the Financial Planning Association, the membership organization for the financial planning community, and is provided by John Mazzara http://www.Investments.mn 952-929-2577, a local member of FPA.

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Minnesota Real Estate Newsletter Gives Access To Great Computer & Life Tips

I maintain a number of real estate sites, blogs, and newsletters. One newsletter that provides a number of computer tips to help you function better with a computer is http://www.REcyber.com/cybertips/r11627 The site is full of cyber space tricks and great places to visit. We have link to this site on the list of MN Real Estate links, but I wanted to highlight this particular newsletter because it different from what most agents provide. From this newsletter, you can also access all the back issues-from 2001 and beyond. It is really quite a useful resource-spend some time there if you have a chance.

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Minnesota Mortgage Broker Can Outline Your Options

Minnesota Mortgage Broker Can Outline Your Options
Renters Have Much to Gain by Pursuing Home Ownership

By Patti Mazzara, Vice President
Venture Development Inc.

Edina, MN – Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages.

Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you’re helping them make their mortgage payment.

The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an apartment, and you know your rent will increase 5% every year, then over the next five years you will pay your landlord $66,309. If you are currently renting a house, you may be paying much more than that each month. Either way, you gain no equity by shelling out this monthly housing expense and you certainly won’t benefit when the property value goes up!

However, if you were to purchase your own home or condominium, you would be well on your way toward building equity within that same five-year period. By choosing a fixed-rate loan program, you can have the comfort of knowing that your monthly mortgage payment will never go up. In fact, you would have the option of refinancing to a lower interest rate at some point in the future should interest rates drop, and this would cause your monthly mortgage commitment to go down.

In addition to building equity, there are tax advantages that come into play with home ownership. Depending on your tax bracket, owning a home is often less expensive than renting after taxes. Interest payments on a mortgage below $1 million are tax-deductible, and your mortgage consultant should help you evaluate the tax advantages of various loan scenarios, and share this information with your tax consultant to glean feedback on your behalf.

To find the loan program that is right for you, your mortgage consultant will need to evaluate your monthly household income, current assets and savings, as well as any monthly obligations you may have for credit card payments, car payments, child support, etc. These prequalification factors, along with the report of your credit score, will determine how much house you can afford and what interest rate you will pay for financing. It is also important to let your mortgage consultant know what your future goals are, because this will help narrow down which loan option is the best fit for your long-term needs.

There are many different types of loan programs available, including “low” and “no” down payment mortgage programs. These types of programs require the borrower to provide less than 3 percent of the loan amount as down payment. FHA lenders rule that the mortgage payment, including principal, interest, taxes and insurance (PITI) should not exceed 31 percent of your gross income, and the PITI plus other long-term debt (car payments, etc.) should not exceed 43 percent of your gross income.

Housing is an expense that takes a big bite out of the monthly budget. If you are a renter and feel that “home” is more than just someplace to hang your hat, think about the advantages of purchasing real estate. It may be time to take the step into building your personal net worth as a home owner.

Patti Mazzara is with Venture Development Inc., a MN Mortgage Broker. We work with Minneapolis and Saint Paul Minnesota home buyers. Visit our website: www.ventureloanapp.com to see why we are the Twin Cities Mortgage Broker first time home buyers call.

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Government Regulation Clogs the Pipes

It’s no secret that many facets of lending and real estate have changed as a result of the credit crisis. In addition to tightened lending practices that resulted from rising mortgage delinquencies, Washington has been heavily involved in altering the way lenders do business today.

Two individual pieces of legislation impacting our business need to be taken into account when determining closing dates for purchase transactions.

Home Valuation Code of Conduct – The Home Valuation Code of Conduct (HVCC) went into effect May 1, 2009. Intended to shield appraisers from undue influence from loan officers and lenders, this legislation installed a “firewall” between those individuals directly involved in the origination of the loan from the selection of and contact with appraisers.

HVCC also requires that borrowers receive a copy of the appraisal a minimum of three days in advance of closing. Part of the kicker here is that “received” is considered, in effect, three business days after the appraisal has been mailed to the borrower.As HVCC requires a firewall between the originator and the appraiser, the time to receive an appraisal has increased, in some cases by as much as two weeks or more. While this may not always be the case, it is important to take into consideration when considering closing dates. Today, conservative closing dates are mandatory to properly manage expectations of all parties.

Housing and Economic Recovery Act – The Housing and Economic Recovery Act (HERA) amends and impacts several aspects of obtaining a mortgage, the disclosures required for borrowers, and the timing of their delivery. This impacts the minimum time required to close, and should any changes be made to a loan application that could impact the Annual Percentage Rate (APR), this could impact the closing date.

Other than paying for a credit report, lenders may not accept any additional fees from a borrower until four business days after disclosures have been provided to or mailed to a borrower. This has the potential to delay several aspects of the application process.

Finally, upon making application, a borrower is provided a Truth in Lending (TIL) statement, detailing the total expected costs that could be incurred over the life of the loan. Should anything change in the loan application that could change the APR by more than .125%, a new TIL must be reissued to the borrower a minimum of 3 business days before closing. Items impacting the APR could include a borrower accepting a higher interest rate than initially qualified by floating their rate at application, a change to the loan amount, a change in product, a change in closing date, and any changes to fees.

Minnesota Mortgage Broker, Patti Mazzara, recommends that purchases are ideally allowed no less than 45 days to complete the transaction. If you are looking to buy a home in the Twin Cities, MN - visit www.VentureLoanApp.com and ask to work with the Patti Mazzara. We also help Minnesota home owners refinance their current adjustable rate mortgages into fixed rate mortgages.

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Minnesota Mortgage Broker Discusses Life After Bankruptcy - Is It Possible?

Edina, MN – Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances when obtaining a mortgage loan. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because strong emotions can sometimes lead to unsound financial decisions with devastating results.

Bankruptcy becomes a viable option for someone who is “upside down” in terms of cash flow. In other words, when a person has more money going out each month than coming in, bankruptcy should be considered if no reversal of this negative cash flow is within sight. The longer someone waits to explore the various options available, the more serious his or her situation may become.

One of the worst things people can do in this situation is to borrow more money to try and pay off their debts. On paper, this is clearly an unwise financial decision. In the real world, however, it is very common for individuals to pursue this strategy in an attempt to buy time and hold off on filing for bankruptcy. On the surface, this is certainly a noble notion; however it can often compound the problem and serves only to delay the inevitable.

For many homeowners in the midst of this upside down cash flow, speaking to a qualified mortgage professional like Venture Development http://www.ventureloanapp.com is a much better option. An experienced loan officer can objectively look at your finances and help you determine if restructuring your mortgage would not only help, but possibly even alleviate any need for bankruptcy. Please visit our web page to learn more about debt consolidation http://www.ventureloanapp.com/debt_consolidation.html

If bankruptcy is the only option, seek out a reputable bankruptcy attorney and credit counselor. A qualified mortgage specialist can provide references for you as well, as he or she works with these professionals on a regular basis. Reliable references are essential in this case because experienced professionals greatly increase the odds of a successful bankruptcy experience. It’s that simple.

When filing for bankruptcy, be completely honest and accurate regarding every aspect of your financial situation. This includes any changes to your income which may occur throughout the process. Bankruptcy is a federal procedure, adjudicated by real judges, and scrutinized by representatives who coordinate with the Department of Justice, the FBI, and the IRS.

Here are some additional steps you can take to make the bankruptcy process as painless as possible:

•Save all paperwork regarding your bankruptcy, and keep it organized. This will prove beneficial after your bankruptcy as you now have all of the pertinent information in one place. Also, be sure to write down your discharge date or keep a copy of the discharge paper that is stamped and dated. It’s surprising how many people forget to do this. Keep these records available in the event that you will you will be required to show the bankruptcy documents for a future home purchase or refinance.

•Establish a household budget. This can be accomplished in many ways, but there are several inexpensive computer programs available which do an excellent job.

•Throughout the bankruptcy, do your best to not only live below your means, but to save as much cash as possible. You never know what you may need it for once the process is completed.

•Be prepared for a barrage of junk mail. There will be sharks on the loose who are hoping to capitalize on your need for credit.

Tips for Rebuilding Credit:

•If you must buy a car, focus on transportation as opposed to style. Buy an inexpensive, used car, and try to get a loan for it. It’s a good idea to figure out what your budget allows in terms of a dollar amount first. This means obtaining financing prior to looking for a car.

•Get a secured credit card. Secured credit cards allow for the cardholder to deposit a said amount of money into an account, thus establishing the spending limit of the card. Missed payments result in deductions from the account. Some of these cards will reward responsible borrowers by upping the limit without an additional deposit. Some will even convert the account into a traditional credit card. (Be wary of offers of “easy credit” or any card which asks you to call a 900 number. You will be charged for the call.)

•Meet with a credit repair specialist. Not only can they help you clean up the damage to your credit report, they can advise you on specific ways to rebuild the credit you lost as well.

While it does take time, there is definitely life (and credit) after your MN bankruptcy. Some mortgage lenders will even lend to you within a year or so after a bankruptcy. If you’re in serious financial trouble, the trick is to get the help and advice you need from professionals you trust.

Call us – Your Twin Cities Mortgage Broker! We help people in Chapter 13 purchase and refinance in Minnesota.

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Si vis pacem, para bellum = If you wish for peace, prepare for war

Si vis pacem, para bellum = If you wish for peace, prepare for war

This latin saying was referenced in a recent Wallstreet Journal article. I looked it up. It is as important a statement today as it was back then-since last time I looked human nature hasn’t changed, only gotten more dangerous.

Now you know where the phrase “peace through strength” comes from-Here’s the Wikipedia link
http://en.wikipedia.org/wiki/Si_vis_pacem,_para_bellum

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911-Have You Forgotten?

We must never forget-

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USA National Anthem

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Life Is About Perception–Just Ask Charlie Plumb

I just received an email about a man named Charlie Plumb. Charlie was a POW. I don’t want to spoil his story of triumph. If you need a little inspiration, just go to http://www.CharliePlumb.com He is one of the many great Americans that have served our country selflessly. Thanks Charlie!

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Who’s Your Favorite Veteran On TV?–My Time Is Now-Cena

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Free Basic Financial Guide

Learn about credit, debt and budgeting.

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Bugle Players & Taps

There is a wonderful organization called Bugles Across America that will play Taps at a Military Funeral. See what they can and will do for you and your loved Veteran. Give them your support if possible.

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WORDS TO LIVE BY…

WORDS TO LIVE BY…

… ask not what your country can do for you, ask what you can do for your country. ~John F. Kennedy

I like to see a man proud of the place in which he lives. I like to see a man live so that his place will be proud of him. ~Abraham Lincoln

This country will not be a good place for any of us to live in unless we make it a good place for all of us to live in. ~Theodore Roosevelt

And I’m proud to be an American,
where at least I know I’m free.
And I won’t forget the men who died,
who gave that right to me.
~Lee Greenwood

There is nothing wrong with America that cannot be cured by what is right with America. ~William J. Clinton

We need an America with the wisdom of experience. But we must not let America grow old in spirit. ~Hubert H. Humphrey

I think patriotism is like charity — it begins at home. ~Henry James

Freedom has its life in the hearts, the actions, the spirit of men and so it must be daily earned and refreshed - else like a flower cut from its life-giving roots, it will wither and die. ~Dwight D. Eisenhower

We must learn to live together as brothers or perish together as fools.~Martin Luthor King Jr.

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Freedom Is Not Free

Freedom Is Not Free

By LCDR Kelly Strong, USCG - Copyright 1981

I watched the flag pass by one day,
It fluttered in the breeze.
A young Service man saluted it,
And then he stood at ease.

I looked at him in uniform
So young, so tall, so proud,
With hair cut square and eyes alert
He’d stand out in any crowd.

I thought how many men like him
Had fallen through the years.
How many died on foreign soil
How many mothers’ tears?

How many pilots’ planes shot down?
How many died at sea
How many foxholes were soldiers’ graves?
No, freedom isn’t free.

I heard the sound of Taps one night,
When everything was still,
I listened to the bugler play
And felt a sudden chill.

I wondered just how many times
That Taps had meant “Amen,”
When a flag had draped a coffin.
Of a brother or a friend.

I thought of all the children,
Of the mothers and the wives,
Of fathers, sons and husbands
With interrupted lives.

I thought about a graveyard
At the bottom of the sea
Of unmarked graves in Arlington.
No, freedom isn’t free.

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