QUESTION
Can it be considered proceeds from a loan (2nd mortgage) an obstacle to apply for a supplemental security income?
Asked on Feb 27th, 2012 on Social Security - Washington
More details to this question:
My only income is $750.00 monthly. I need to apply urgently to Social Security for a SUPPLEMENTAL SECURITY INCOME but I have money that comes from a home equity loan made 5 or 6 years ago. I am repaying this loan but my payments go mostly to interests. Can ,therefore, Social Security consider this money as an asset and deny my application?
1 ANSWER
Let the Social Security Administration
tell you if you don't qualify. I don't think I fully understand from your
question if you have an obligation or a resource, so just apply. Take the
following steps.
To apply for SSI disability and
blind benefits:
Complete the online Adult Disability Report
or the Child Disability
Report; and
Schedule an appointment to complete
the application for SSI.
To schedule an appointment with
your local office, call 1-800-772-1213 (TTY 1-800-325-0778) 7 a.m. to 7 p.m.,
Monday through Friday. Have your Social
Security number available when you call.
At the present time, the "application"
for SSI cannot be filed online.
The website of SSA has a
wealth of information. To learn more
about SSI go to http://www.socialsecurity.gov/ssi/text-understanding-ssi.htm
Answered on Apr 07th, 2012 at 2:16 PM