My New Blog

A major study from the Center for Housing Policy has confirmed what most people already knew- housing expenses are growing faster then paychecks. While mortgages often get the headlines, other household expense are raising even faster. From 1996 to 2006, incomes rose 36.3%. During the same period here is how much these expenses increased.

Mortgage Payments 46%

Utilities 43%

Property Taxes 66%

Property Insurance 83%

Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender.

Most reverse mortgages require you be at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.

Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value.

If you have any questions please call or email Roxy

To see my main webblog go to;http://www.realestatenews-roxy.blogspot.com

It is so easy really. It doesn't matter who you plan to vote for just get out and vote. I know it may seem like a pain the the keister because you have to work it into your busy work schedule or take off early from work, wait in long lines. BUT if you don't vote and vote your opinion, you get NO bitching rights when things don't go right politically in the next four years. So no complaining about not enough money for school, bad roads and traffic or environmental issues NOTHING! You gave up that right when you decided you didn't have the time to fit voting into your busy schedule.

The world is excited about today! Not just our good old USA but the world because what we do effects the world. So I am asking you to vote. Consider your choices and make a decision, but VOTE!

Why Credit Repair ?

Why credit report repair?

The law gives you the right to dispute any credit listing on your credit reports that you feel may be inaccurate, misleading or unverifiable. If a credit bureau can't verify the accuracy of a disputed listing, then it must be removed from your credit report. If you have an opinion about credit repair OR you have gone through a company for credit repair, we would like to hear from you.

Every week we share a Bonehead of the week article with you in our Newsletter.

If you know a bonehead personally we would like to hear from you. Share your bonehead with us so we can pass on your bonehead story. It you want to share with us and don't want your bonehead exposed to others that is ok too. We will honor your request and keep your bonehead to ourselves.

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