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There's another financial downside: You may have to go without Social Security benefits for a few months while the agency sorts out how much you have to repay and you reapply for benefits. When your benefits stop, so do the automatic deductions that cover your Medicare premium. You'll have to pay the Part B premium yourself -- currently $96.40 a month for most retirees -- until your Social Security benefits resume. 5. Verify Income and Assets (May 26 – July 1, 2011) – This is by far the most tedious part of the process. I sent Quicken Loans several documents to verify my income and assets: personal and business tax returns from 2009 and 2010, bank statements, retirement account statements, proof of insurance, and my last pay stub from my business. It is already a common knowledge that one of the issues of individuals is money. People often spend the majority of the money to pay monthly bills and debts. This is the reason why individuals do not have money until their next pay day comes. Additionally, there will undoubtedly be cases wherein you need cash urgently but you do not wish to apply to get that loan because it takes too much time. Basically, it is a bit time consuming before. Some lenders ask for paper formality as well as request that you fax your applications.


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