i want my mom to apply for a mortage & hopefully move in together so that i can help w her care; essentially decreasing our expenses so that she can afford home care for when i am @ work...
she's still young, @ 72 yrs & fairly healthy.. the main health problem were renal stones that were recently diagnosed (Staghorn Stone).. for which she's having surgery on Jan 14th..
she is in a nursing home right now, and they say that i can discharge her home once the living situation is settled.
i do direct care & have been her only caregiver for 10yrs..
PROBLEM IS: she endorsed (cosigned) some of my daughter's Parent Plus college loans, & now it looks like her debt/income ratio may disqualify her from getting a mortgage (i'm working on my credit so as to maybe apply for a loan together).. the loans are not in default, but they still may count against her
ALSO, if she is forced to stay @ the nursing home for a while, they will intercept her income & therefore all of her current debt (consumer credit cards) will be discharged? then what if she wanted to reapply for a mortgage in 6mos? will that affect her credit/chances??... ugh this is all so annoying.. helpful feedback is appreciated.,. i work 2 jobs & have decent credit (working on it), although i also have my own student loan debt :(