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Archive for October 16th, 2008

Last Presidential Debate! Who hates joe plumber more?

Posted by 104Inc.com on October 16, 2008

Decisions, decisions….what to watch: the Dodgers/Phillies game or the final Presidential debate? 

Okay, I chose the debate.  If I can remember some of the talking points from the previous debates, why can’t the candidates?  Mainly it was McCain who didn’t seem to remember the talking points.  He got some points wrong about the Obama healthcare plan.  These were the same points he got wrong last week.  Then, he looked surprised when he was corrected by Obama for the second time.

The CNN coverage featured a split screen showing each candidate and that just wasn’t good for McCain.  Maybe he suffers from the same curse as George W. Bush….kind of a superior look on his face.  Obama generally looked like he was either paying attention to McCain as he spoke or he was taking notes.  McCain’s look seemed to say “this guy doesn’t know anything”.  Which may be true, but the look didn’t serve him well.

McCain seemed to start off well, but then went downhill.  He seemed to fall into trap that Obama set and ended up looking whiney about the campaign ads and talking about Bill Ayers. 

McCain’s biggest problem seems to be the economy.  Probably doesn’t matter who the Republicans ran as their candidate for president.  If the economy was in decent shape, McCain might have a chance.  His poll numbers have done nothing but trend down since the debates began. Part of the problem is his performance, but the party that is in power gets to take credit for a good economy or the blame for a bad economy.  It might not be right, but that is the way it is.

At least you can count on 104inc.com to give you unbiased information.

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Posted in economy, Politics | Tagged: , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Reverse Mortgage: Is it Right for You?

Posted by 104Inc.com on October 16, 2008

Ida May Fuller, the first recipientImage via Wikipedia

Over the years, you worked hard to own your home. Now there’s a way to put your home to work for you. A Reverse Mortgage provides the security of knowing you have funds available for planned or unexpected expenses. This kind of loan can never cause you to lose your home. The funds you receive during your loan term, plus interest, do not become due until you sell or vacate your home.

A Reverse Mortgage can optimize cash flow and promote peace of mind. It can contribute to a more contented and secure retirement. Use the money to supplement your pension or social security income, for home repairs, buying a car, unexpected expenses, even put it toward a new home – whatever you choose.

Reverse Mortgages are specifically designed for, and exclusively available to, older homeowners who have substantial home equity. Applicants must agree to receive no-cost (face-to-face or telephone) mortgage counseling from a HUD-approved counseling agency to explain your options and confirm your eligibility.

A Reverse Mortgage gives you flexible access to your home equity. “Term” payments are non-taxable monthly payments for a specified period of time. “Tenure” payments are non-taxable monthly payments for as long as you occupy your home. I can show you payment examples to better illustrate possible payments amounts.

You do not need to repay the loan as long as you or one of the borrowers continue to live in the house. You will be responsible for maintaining the property and making necessary home repairs, as well as paying property taxes and homeowners insurance premiums. When you sell or leave your home, the funds you received during your loan term, plus any accrued interest, become due. Any home sale proceeds in excess of the amount you owe belong to you or to your estate.

If, at any time, the loan exceeds the value of the property, the repayment amount will be no more than the value of the property. Mortgage insurance will cover any balance due to the lender. No additional financial claims may be made.

After the loan is repaid, any home sale proceeds in excess of the amount you owe your mortgage lender belong to you or to your estate.

To learn more information please visit 104inc.com and search for local representatives in your area for more information regarding reverse mortgages.

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Posted in Banking, Mortgage, Personal Finance | Tagged: , , , , , , , , , , , , , , , , , , | 3 Comments »

REALITY IS SOMETHING YOU CAN RISE ABOVE

Posted by 104Inc.com on October 16, 2008

You’re bigger than anything that can happen to you.
The obstacles you face are only mental barriers which can be overcome
by adopting a more positive approach.

Have the courage to confront what you can imagine.

You don’t have to be a puppet manipulated by outside powerful forces,
you can become the powerful force yourself.

Courage is resistance to fear and mastery of fear, not absence of fear.
This is where you’ll win the battle, in the playhouse of your mind.

Visualize what you want.
See it, feel it, believe in it.
Make your mental blueprint, and then begin to build.

See things as you would have them be instead of as they are.

There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.   Orison Swett Marden

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