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Old 05-10-2010, 08:12 AM
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Join Date: May 2010
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Default How will getting a mortgage affect Social Security

benefits? I'm on SSDI disability and planning to buy a house (well, maybe a condo, with my income). What is Social Security likely to do with my benefits? A bit more a month? Less? Cut me off completely because of some fine print?I'll call them tomorrow, but I'm not too familiar with their system and would like a general idea about how the conversation is going to go. Lenders want to know what my income is so they can calculate my DTI, but I don't know what to tell them, since it will likely change, so I can't judge how much I might be able to borrow. I can't find any online resources on their website about what they'll do if I get a loan.Just to clarify, I have a decent amount put away for a down payment, and am aware of the range the lenders want my DTI to be, so I don't think I'll be settling for a mobile home.Just looking for an idea of what - if anything - might change with my benefits, because to be perfectly honest, I don't trust Social Security. Thanks for the replies. If they don't change my benefits, that's a good thing.
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