Need Advice-Help Please

[Elton Woods]

Hello, I wanted to ask if you were in my situation what would you advise or do? I am 46, recently laid-off since 01/2024. I have maybe 100.00 of liquid cash, my credit score is 577 and I have a home 3 bedroom that I pay a Mortgage too. I really dont want roommates or an AirBnb. I could move out and rent, but dont know where I would go to pay a lower monthly rate the I currently pay.  What would you suggest so I can create income and perhaps make a better financial decision for myself. Right now, my only income in a weekly 300.00 unemployment check.

[Lateefah Mathews]

I completely concur with what @Theresa Harris mentioned. Looking at your current scores and income it would not be feasible to rent anywhere in Metro Atlanta or purchase so that option is off the table. Your better bet is to find a long-term tenant to rent a room or more depending on how many additional bedrooms you have. This is a house-hacking strategy that many individuals are utilizing to cover their mortgages right now. This would provide a long-term assistance remedy for you as well.

In the meantime, contact 211 United Way of Georgia to find mortgage assistance or utility assistance, for temporary help. If you cannot find mortgage assistance right now you will at least find some help for your utilities. Best of luck to you!