Posted on: 16th Jun, 2009 07:39 pm
my husband are seperated. i am on medicade. he wants to buy a house
through rular housing deveolpment they say i have to be on mortage to will this affect my medicade
hopefulwishful
through rular housing deveolpment they say i have to be on mortage to will this affect my medicade
hopefulwishful
Hi hopefulwishful,
Being on the loan will not affect your medicaid eligibility. If it were a reverse mortgage, it could have affected your medicaid. But a regular mortgage will not do that. There are limits for liquid assets which one has to keep in mind in order to qualify for medicaid. As long as that limit is not crossed, you should not have any problems with your medicaid eligibility.
Being on the loan will not affect your medicaid eligibility. If it were a reverse mortgage, it could have affected your medicaid. But a regular mortgage will not do that. There are limits for liquid assets which one has to keep in mind in order to qualify for medicaid. As long as that limit is not crossed, you should not have any problems with your medicaid eligibility.
being on mortgage will be a liquid asset or not
Betty
Betty
No, having a mortgage is a debt...not an asset
