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Posts Tagged ‘Insurance’

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 »

Exercising Is Not Important

Posted by 104Inc.com on October 13, 2008

Anatomy of the biliary tree, liver and gall bl...

Image via Wikipedia

They say it is but why? Who pays these people to tell us that good health and exercise are important? The health industry is a $500 billion dollar industry and growing. Think about it. You exercise and you exercise and what do you have to show for your results sore back, bad knees, messed up elbow. Then you go to doctors you make billions of dollars prescribing you drugs to make you feel better. Wait all those drugs have side effects. They can kill you, or cause heart damage of liver disease, etc, etc, etc. So then you go back for more pills and surgery. This is all done in the name of good health.

So is exercise and good health important? Doctors say it is. How do doctors make money? They need to treat sick people. If people did not get sick we would not need doctors. If people did not get hurt we would not need doctors. That would mean that we would not need drug companies or insurance companies. We would save so much money by not having gym memberships, dealing with doctors, insurance companies. That would then reduce or level of stress and we would live longer.

That sounds like a better deal to me then exercising. Just eat better reduce your stress and you will live longer. Some people may say I am crazy but it sure makes sense to me. We are to busy complicating life. We need to step back and realize that we are just animals that were put on this earth to procreate and eat. Why do we have to have a higher purpose then that?

Let’s discuss this more at 104health.com.

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Reverse Mortgages: is it Right for You?

Posted by 104Inc.com on September 4, 2008

old manImage 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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