Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or SecurityWritten by Barry Scoles
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1.Loan amounts, interest rates, and loan terms are set by HUD and Fannie Mae and can never vary from one lender to another. 2.HUD and Fannie Mae have established what fees can be charged and has set caps on them all. 3.All programs have lifetime interest rate caps 4.The term of loan is 150 years beyond birth date of youngest homeowner (i.e. date of birth April 1940, loan expiration April 2090) 5.If a spouse passes, none of terms of loan change, and remaining spouse may stay in home for as long as they wish 6.If you are receiving monthly draws from your reverse mortgage, and your check is late for any reason, lender is required by federal statute to pay homeowner a 10% late fee. 7.Funds from a reverse mortgage are not considered income and therefore are not taxable and have no affect on ones Social Security or Medicare 8.If a homeowner’s health required extended hospitalization or assisted living care outside home, as long as homeowner returns to their home within 12 months there is no interruption in loan 9.Lenders are not permitted to take any steps in processing a reverse mortgage for any homeowner until senior has received independent counseling from a certified reverse mortgage counselor. 10.Following closing of reverse mortgage homeowner has a three-day period to reconsider loan and cancel transaction without any cost or obligation.
Reverse mortgages provide a safe secure solution for seniors to live out their life in comfort of their own home with dignity they deserve.
Barry Scoles is a leading expert in the Reverse Mortgage industry. For more information please contact him at 1st Reverse Mortgage USA 877-217-0166 or firstname.lastname@example.org
Forex Trading Best PracticesWritten by Diane McDee
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Fundamental Analysis is process of considering current situation of country of currency. Elements such as a countries economy, political situation, and future must all be taken into account in Fundamental Analysis. Investors then make investments based upon this knowledge. The best investors not only analysis a countries current situation, but rest of world’s interpretation of that country. Like any stock market, value of commodity is not merely based on exact numbers, but on perceptions of that commodity. If a country is believed to be on a positive path economically, than it’s currency will do well in FOREX.
FOREX can be a potentially lucrative investment. However, success of FOREX trading depends on practices and knowledge of investor. It is important for any investor to analyze market and determine what exactly he or she wants to achieve in investing. Long-term gains and short-term gains require different strategies. The best investors are always well informed about market, world economy and have best traders available. If one follows these practices, FOREX will certainly prove to be a very rewarding investment.
Diane McDee is very interested in financial topics, especially FOREX currency trading.