Home Equity Loan – A Reverse Mortgage Could Provide a Comfortable Retirement!

Written by Charles Essmeier


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like, or are able. Once they die,repparttar primary residence would be sold to pay packrepparttar 136195 loan, whilerepparttar 136196 second home would become part of their estate.

This has provided a rare opportunity for many couples, who struggled to raise families and pay mortgages duringrepparttar 136197 working years, to enjoy a few luxuries in their retirement years. Couples who could never afford to travel can now dip into their home equity and see Europe or take that cruise that always eluded them.

While this may seem like a win-win situation for all involved, those inrepparttar 136198 lending industry express caution. For most people,repparttar 136199 equity in their home is their single largest asset, and borrowing against it should done only after careful consideration. What if a lengthy hospital stay became necessary? Wouldrepparttar 136200 homeowner have sufficient funds to pay for that after buying a second home through a reverse mortgage? What if a husband or wife became incapacitated and required permanent housing in a nursing home? These are things that must be considered before using home equity for a houseboat or RV, and those considering such a move should consider discussing their plans with a financial advisor.

Despiterepparttar 136201 potential drawbacks,repparttar 136202 use ofrepparttar 136203 reverse mortgage to fund a fun and adventurous retirement seems to be growing. With interest rates still near all-time lows,repparttar 136204 trend will almost certainly continue inrepparttar 136205 near future.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including http://www.End-Your-Debt.com/ and http://www.HomeEquityHelp.net/


Credit Card Dirty Tricks

Written by G Marwick


Continued from page 1

4.Protection Plans: This is another juicy money maker forrepparttar card companies. For an annual fee you will get protection on your card inrepparttar 136194 event of them being stolen, lost or used fraudulently. Most credit card companies usually don’t charge for this and will refund yourepparttar 136195 money for any fraudulent transactions. I wouldn’t suggest getting this.

5.Credit Limit increase: You had a credit limit of £3,000 and have been diligently paying off your card every month and all of a sudden your new credit card statement says you have a credit limit of £10,000. You probably didn’t ask forrepparttar 136196 increase but hey they gave it to you anyway. Psychologically this makes you think you have more money to spend but it is in fact a sneaky way of getting you to spend more money on your card. If you don’t need it ask your credit card company to removerepparttar 136197 new limit.

6.Foreign transaction charges It is usually quite convenient to use your credit card abroad on holiday or on a business trip. No need to carry large sums of foreign currency around with you. But wait for it …….. You will be charge for this privilege (not surprised I am sure). You will be charged a commission depending onrepparttar 136198 amount you spend abroad which can vary from 3% to 5%.

7.Cash withdrawal charges: Not much new here. If you withdraw money from a cash point using your credit card you will be charged forrepparttar 136199 privilege. Remember nothing slips through. Card companies can charge inrepparttar 136200 region 3% ofrepparttar 136201 amount drawn andrepparttar 136202 bad news as if this isn’t bad enough, you won’t benefit from any promotional 0% introductory offers that are currently running on your card.

As you can see credit card companies make money from us in more ways than we in most cases are aware of. Be smart and remember all these crucial aspects when using your credit card. You may be one ofrepparttar 136203 few that limitsrepparttar 136204 credit card companies from only makingrepparttar 136205 bare minimum from you.

Grant Marwick is a freelance writer and owner of http://www.only-credit-cards.co.uk where you will find advice and more articles on Low interest Credit Cards and 0% Credit Cards


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