Reverse Mortgage?

A reverse mortgage is one of many vehicles that individuals 62 years of age or older can use to turn the equity in their home into cash. It is very important, though, for an individual to fully understand reverse mortgages, their ramifications, and the alternatives. This article will provide an overview of reverse mortgages, as well as discuss alternatives.

What is a Reverse Mortgage? With a “normal” home loan you pay a monthly amount (principal and interest). With each month, the amount that you owe goes down and the equity in your home goes up. As one might expect from its name, a reverse mortgage works in an opposite fashion. With a reverse mortgage you can turn the equity in your home into cash. You do not have to make monthly payments. The cash may be paid to you in one or more of the following ways:

  • As a single lump sum payment
  • As a regular monthly amount (a cash advance)
  • As a credit line account that you draw upon as needed

With a reverse mortgage, the homeowner continues to own their home and receives cash in whatever way is preferable to them. As they receive cash, their loan amount goes up, and the equity in their home declines. A reverse mortgage cannot grow to more than the amount of the equity of the house. In addition, a lender cannot seek payment of the loan from anything other than the value of the house. Your other assets and the assets of your heirs are protected by what is called a “non-recourse limit.” A reverse mortgage, plus accrued interest, does eventually have to get paid back. Repayment of a reverse mortgage happens when the last owner of the property named on the loan either dies, sells the home, or permanently moves out of the home. Before then, nothing needs to be paid on the loan. For reverse mortgage companies in florida, I highly recommend Access Reverse Mortgage.

There are other circumstances in which reverse mortgage lenders can also require repayment of a loan prior to the above conditions. These include:

  • The borrower fails to pay their property taxes
  • The borrower fails to maintain and repair their home
  • The borrower fails to keep their home insured

There are also other default conditions that can cause repayment of the loan. Most of these are similar to default conditions for traditional mortgages (for example, declaration of bankruptcy, donation or abandonment of the home, perpetration of fraud or misrepresentation, and more). A reverse mortgage should not be confused with a home equity loan or home equity line, both of which are other means of obtaining money for the equity in your home. With either of these loan vehicles, an individual must pay at least monthly interest on the loan amount received, or amount that they have drawn on their equity line. Reverse Mortgage Eligibility All owners of a home must apply for the reverse mortgage and sign the appropriate loan papers. To qualify for a reverse mortgage the borrower(s) must:

  • Own their own home
  • Be at least 62 years of age or older

A reverse mortgage is most typically a “first” mortgage, meaning that there cannot be any other mortgages or loans against the property, such as an equity line. An individual typically owns their home “free and clear” prior to seeking a reverse mortgage. Reverse Mortgage Loan Amounts The amount of money that an individual may receive from a reverse mortgage is a function of many different factors, including:

  • The specific reverse mortgage program that the individual selects
  • The type of cash advances received (e.g., lump sum vs. monthly payment)
  • The individual’s age (the older an individual is, the more cash they get)
  • The value of the individual’s home (the more valuable the home, the more cash they get)

Types of Reverse MortgagesThere are several different types of reverse mortgages. Some are more expensive than others. Types of reverse mortgages include:

  • Reverse mortgages offered by state and local governments (often called “single purpose reverse mortgages”). These are typically the least expensive reverse mortgages. These may be the most restrictive on how the money received can be used.
  • Federally insured Home Equity Conversion Mortgages (HECM). These are almost always less expensive than other private sector reverse mortgages, but more expensive than reverse mortgages obtained from state and local governments.
  • Other private sector (proprietary) reverse mortgages.

Alternatives to Reverse MortgagesWhile usually an option that causes a negative emotional reaction, selling a home is an alternative to a reverse mortgage. The proceeds of the sale can be used to either rent, or purchase a smaller, more “age-friendly” home, while money leftover can be invested to provide additional income. This option should at least be considered and compared to a reverse mortgage so that an individual is making an informed decision. Reverse Mortgage Counseling Counseling is required in order to obtain certain types of reverse mortgages. Counseling is required before an individual can obtain a Federally-insured Home Equity Conversion Mortgages (HECMs). Even if counseling is not required for a particular reverse mortgage, individuals considering a reverse mortgage should seek either counseling or the advice of a qualified financial adviser. Good Sources of Information About Reverse Mortgages The American Association of Retired Persons (AARP) is an excellent resource for finding more information on reverse mortgages. Their web site (www.aarp.org) has extensive information on the subject. Information may also be found on the National Reverse Mortgage Lenders Association web site (www.reversemortgage.org), the HECM Resources site (www.hecmresources.org/index.cfm), the National Center for Home Equity Conversion web site (www.reverse.org), and the Federal Trade Commission (www.ftc.gov/bcp/conline/pubs/homes/rms.htm). Another wealth of information about florida reverse loan can be found on Access Reverse Mortgage.com

Rockwall CPA

There is so much paperwork to be done in your business that with the growth of your business you won’t have time for because you will be busy taking care of other things. Managing your business requires to give better CPA services to your clients. But as a company owner you will need to know what your income is and know your expenses to pay taxes and file the returns at the end of the year. Most of all you are going to want to provide outstanding client satisfaction.

If you want to reduce costs and be able to take care of your clients at the same time then you should hire someone to help you with your taxes, accounting and book keeping. They will pay your bills and pay your employees on time as well as file and pay your taxes because they’ll be the ones keeping up with your numbers all year so you don’t have to.   If you are looking for a nationwide CPA, you should check out kevin oliver cpa who is a phenomenal rockwall accountant.

They will know your budget and what you need to spend and what you actually can spend on top of what you are pulling in. This way, they can talk to you about what’s going on and give you a brief overview of what’s going on so you can do other things and not have to figure it out yourself with your precious time.

It is important to have an experienced professional to take care of you. This will allow you to feel free that you are not going to face any unnecessary legal issues because everything you need will be done for you with the knowledge of a professional under their care.  I personally use kevin oliver for all of my CPA needs.

Whether the job is bookkeeping, taxes, accounting or other financial jobs, it will help to minimize operating costs and maximize efficiency while gaining competitive advantages. You can enjoy the minimization of stress through them taking over your money situation entirely.

These services can specialize not only in the business area, but they are also knowledgeable in the family business, agriculture and agribusiness, real estate development, auto dealers, and entrepreneurs. They have built up the knowledge over the course of several years gaining experience through working with others. They have gone through extensive schooling and training through the industry and are very organized and ready to take on your project.

You can save up to 60 percent on your accounting costs and create more revenue by hiring someone. You will have accurate, timely and useful financial operational reports too. You won’t even have to hire staff. They can do all of that for you.

They can take care of everything involving automotive, construction and real estate, healthcare, retail, restaurants, insurance agents, doctors and more. There is nothing that a cpa service can’t do for your business finances.

Social Media Marketing Technology

There are many things you can do to enhance your social media marketing effectiveness and I recommend you pursue all aspects of this technology if you want to be really great. However, for the purpose of this article I am focusing on five techniques essential to building a solid foundation for marketing in the social media world. Check out this article about WannaFollow.com and how they will leverage social media blockchain
Encourage interaction on your social media profile. Engage visitors in interesting and fun activities to keep them coming back. Use contests and polls to encourage interaction. Asking questions requiring a one-word answer works really well. Most people are willing to share things about themselves and need little prompting. Have fun and be involved with your fan base. However, stay humble in your interactions. You don’t want to appear as a know-it-all. It is important to make sure your visitors feel appreciated and that you value their opinions.When you increase interaction you will increase your following and your business will grow.   Wannafollow is a replacement for the now defunct flavors.me
Use patience when it comes to your social media marketing efforts. Do not expect an overnight miracle. Developing a large and loyal fan base requires personal effort and determination. Taking your time and going with the flow is important in social media marketing.
Stay current with advances in this area of technology and be flexible. Look for new ideas and new ways to solve problems. Being informed and up-to-date will earn you respect and your followers will value your content above your competitor’s.
Be creative with your profile. Provide opportunities for your visitors to promote themselves on your site. Giving visitors a chance to cross-promote their own pages has proven very successful in many instances When you take advantage of the interaction capabilities social media provides, really listen to what your customers say, exercise patience and increase your knowledge of social media technology, you will keep your followers coming back for more and attract new customers. Apply the information in this article to your social media marketing tactics. As you become more comfortable and skillful in using the above tactics, you will experience an increase in happy and loyal fans.
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Care For Your Pool Supplies

Now that you’ve purchased your very own pool cue, and hopefully followed some of the advice from earlier articles before doing so, you’re going to want to take care of your investment. You definitely want to protect your lucasi pool cues and your meucci pool cues.  A good cue is relatively durable and forgiving, but all cues require care and a little bit of maintenance. We’re going to be talking about wood pool cues here, graphite and fiberglass sticks are virtually bulletproof and require somewhat less care.

CASES. You are going to need a case in order to carry your new cue to the pool hall. I would think that would be obvious but yet I constantly see people coming in carrying their new cue in their hand. Come on now, you just spent your money and took the time picking out a pool cue that you love, but you can’t spring for some sort of case? Basic cases are vinyl or soft-sided material. These will protect your cue against minor drops and dings, but not much else. I highly recommend hard cases just because they offer so much protection. Some cases are tested by driving a car over them without damaging the cue inside! Your pool cue can take a lot of damage in your car, in your house, and even at your billiard hall so protect it as best as you can.

Ensuring that you take care of your shaft makes all of the difference when hitting your billiard balls especially if you purchase aramith balls.

THE TIP. The tip of your pool cue (the part that hits the ball) is the most important part of the stick. You can shoot pool with a tree branch or a broom handle – or the most warped stick in the house, if the tip is solid and properly shaped you can play with it! No joking! Screw- on tips are a serious no-no, so don’t even go there. “Real” tips are glued on and come in a variety of hardness. Soft tips hold chalk better and are better for applying “English” but they wear out and mushroom quickly. Extremely hard tips last forever but need constant re-chalking. Some say they make for a more accurate shot as well. A medium hardness tip should be fine for most players. The tip must be able to hold chalk, so periodic scuffing is necessary. The roundness of the tip should be maintained with a shaper. Most players compare the roundness to that of a nickel, though some prefer the tightness of a “dime curve”. Shaping and scuffing too often will cause your tip to disappear quickly, so only shape and scuff when necessary. The sides of the tip should be even with the ferrule, not mushroomed out. Get yourself a scuffer/shaper and take care of that tip!

THE SHAFT. When you first purchased your pool cue the shaft was nice and smooth, and slid through your bridge hand ever-so-easily. That didn’t last long, did it? The sweat, oils, and dirt from your hand will gum up on your shaft very quickly, making it sticky and not so smooth. How do you prevent this, and how do you clean it up? First, you cannot do much to prevent this from happening aside from washing your hands often and keeping them clean and dry. Some people use powder, like baby powder, on their bridge hand and on the cue. A tiny amount of powder that has been thoroughly rubbed in to your hand is okay – it makes your skin softer, but powder should never be used as a lubricant. Wash your hands! Powder will cause your pool cue shaft to gum up more quickly, and powder ruins the felt on the pool table. Nothing looks worse or plays worse than clean green felt with white baby powder all over it because some idiot thought that they had to dump powder all over themselves in order to shoot better! It just ain’t so – so don’t do it. It is bad for your cue and bad for the table. Have some respect, huh?

Just like waxing a car, apply a coat of wax with a soft cloth or applicator and let it dry to a haze. You cannot let it dry too long, just let it sit awhile and have some patience. Once the wax has dried thoroughly you’ll want to wipe it off – and immediately start working the shaft with a leather burnishing pad (or a plain piece of thick leather if you don’t have a burnisher – which you should have anyway). Wrap the leather around the shaft and stoke it up and down as fast as you can (yes, it sounds dirty). The more you rub and the faster you rub the hotter the wax will become, which allows it to work into the pores of the wood. When you are finished you will have a beautiful, smooth shaft once again – but you’re not finished just yet! You are going to need to run through all of the steps again, except for the alcohol part. Apply more wax, let it dry, rub the heck out of it, repeat until you have at least 3-4 layers of wax thoroughly worked into the wood. Now take care of the tip and go shoot some pool!

THE BUTT. The butt of your pool cue shouldn’t need much maintenance at all. Keep it clean and wipe it down with a soft cloth during and after play. Don’t hit things with it and don’t drop (or throw) it on the floor. The joints will loosen up, the wood will crack, and parts will separate if you do. Then you’ll have to buy a whole new cue.

“Dings” in the Shaft. Nothing is more annoying than working your pool cue through your bridge and feeling little “dings” in the wood. As hard as we try to take care of our pool cues these little dents always seem to show up – as if by magic. Here is a method I learned that will remove small imperfections from your pool stick’s shaft. First, you need to wipe the shaft down with rubbing alcohol just like in the paragraph on cleaning the shaft. This will open the pores of the wood. Next, find a spot where you can place the shaft where it will not roll, and where it won’t get bumped. Lay the shaft (horizontally) down with the dings that you want to remove facing up. Now, soak a very small piece of tissue with water and roll it into a ball (think miniature spitball) and place the tissue ball directly on the indented spot on the shaft. It is important that the tissue ball not be larger than the actual indent on the shaft. Let that set until it dries completely – what happens is that the wood in that one tiny area absorbs the water from the tissue and swells, bringing that spot level with the surrounding wood. In a perfect world the “ding” will have disappeared, but what usually happens is that the “ding” becomes a small “bump” – which is fine because bumps can be worked out with a burnishing pad fairly easily. Once you have all of your “dings” up to level or slightly above level it is time to wax the shaft. Follow the instructions above for the proper method to do this. Of course another way to remove dings and dents from your pool cue would be to take it to a professional, but where’s the fun in that?

NEVER USE ABRASIVES. Ever. Period. That means no sandpaper, no scouring pads, no wet/dry paper, nothing. If it was designed to remove wood than keep it far away from your pool cue! You never want to remove a layer of wood just to make it smooth – you want to clean the existing wood to maintain the shape, balance, and feel of the cue.

Your pool cue represents an investment on your part, so keeping it clean and in good condition will make it last a lifetime – now that’s a lot of pool playing!

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Best BBQ Catering Services

It is that time of year when you party to the fullest. You get invitations and you invite your friends and family for a house party too. So have you planned anything for your upcoming party as yet? If not then you need to plan your party well on time and avoid the last minute rush. When it is about a house party keeping the mood casual and relaxed would be best. So it would be a great idea if you arrange for a barbeque party.

What are your choices?

When you are planning a BBQ party for your guests you need the food to be absolutely perfect. If it is a large party then going for a professional BBQ catering service would be advisable. It would not only take away a chunk of your responsibility but also save time for you to enjoy with your friends and entertain them. When you hire a professional catering service you would be delighted to see the types of food that you can choose and these companies also offer personalized services for their clients. Grilled, roasted and barbequed food will be served with fine culinary specialty. So you have a great table to present to your invitees. You can also order for delicious sandwiches burgers and sliders for the youngsters.

Wide variety of finger licking food

One of the most mouth watering facts about professional catering is that it offers you a whole range of food items that are just impossible to make at home. So when you are hiring a professional service for your BBQ food, you get to choose from a wide range of items that are prepared from fresh and healthy products. The catering companies also make sure that they keep the quality very high in order to make it hygienic and healthy. Strict processing is observed while making the food and they are prepared with prolific élan. So while you are choosing the food for your BBQ party ensure that you have a mix and match of all types of food on your table to entertain your guests. It would be so much fun to have the best food and for the right party mood.

You can even purchase great BBQ at Soulmans BBQ Online If you actually need to visit Soulmans in your area, check out these BBQ Food Locations.  My favorite location for Mesquite BBQ is in 1125 Gross Road
Mesquite, TX 75149

How to choose the best caterer?

If you are going for a BBQ theme for your event then you must keep some important point in mind before you finalize your caterer.

  • You must also go with the experienced professionals and avoid experimenting with the new event professionals.
  • Always check their official website to have a clear understanding of the services.
  • You should also check out feed back of each event caterer from their customer. This will help you to get a clear picture of the company.
  • At last but not the least do a little survey to get the best price.

A BBQ theme is an amazing idea for a very happening party. You guest will love the delicious taste and will remember the party for a very long time.

Soulman’s BBQ is the best destination for anybody who is looking for something tasty in their Bar B Que Catering. They are known among their clients for their hygiene, eye-catchy presentation of food and variety of cuisines offered.