Mortgage Loan Qualification for Different Home Types

Using the criteria banks use to qualify for a mortgage, we show the income levels required to purchase a townhome, single family and duplex in high priced real estate markets. We will use the Mortgage Loan Qualification Calculator from FinCrafters to understand the criteria banks use to qualify borrowers for different types of home buys …

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LTC vs. Chronic Illness Benefits

Insurance policies with LTC coverage provide better benefits than those with Chronic Illness coverage though the qualification criteria are the same. The qualification criteria for both Long-Term Care (LTC) and Chronic Illness benefits are the same: unable to perform 2 out of 6 ADLs (bathing, dressing, using the toilet, eating, transferring and continence), or severe …

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