Why Fixed Rate Has Limited Use for Reverse Mortgage Customers

By Toome Vanrock

As information slowly diffuses throughout the senior community regarding reverse mortgages you might surmise that, as a reverse mortgage specialist, I spend a tremendous amount of time educating.

Conversation eventually makes its way to the mortgage options for them and more particularly the interest rate. The truth is that the ARM makes sense for most seniors.

When I relate this to the customer they are temporarily in a state of denial until i have a chance to explain the inner workings of both mortgages. Once they reach understanding the guard comes down.

The reality is the fixed rate option is does not offer the flexibility of the ARM. Only the adjustable rate offers the borrower a line of credit option. The fixed rate, rather, forces the senior to take out money one time and one time only.

The senior gets a two for one deal with the adjustable. First: the senior chooses when to use the money; Second: Interest accumulates only against money's drawn out, leaving the remainder as a non factor.

So, who is our fixed rate borrower? It is definittely the one has to yank out a bunch of money up front. At the end of the day, its the one who has no need for the line of credit because very little or no money remains.

One of the best examples of a fixed rate candidate is the person who qualifies for just enough to pay off their forward mortgage, thereby relieving the borrower from the burden of that monthly payment. In this scenario the logic to getting an ARM is reduced to a wash against the fixed.

Right now the adjustable is extraordinarily low, but its fifteen year average and the current fixed rate are roughly equal. For the conservative reverse mortgage customer looking for a large upfront sum the safe bet is to go with the fixed rate.

About the Author:

A far more detailed discussion of of the reverse mortgage in and around texas can be found here.. Q&A plus excellent Texas data and links to important authority sites are at reverse mortgage education for deep thinkers.

Military Retirement - Special Tools for Planning

By Michael Geoffrey

Military retirement calculators are a special tool designed to help people in the military plan for their retirement. A normal military career is only 20 years which is much shorter than the average civilian career which starts in your mid twenties and doesn't end until your early sixties. Therefore, a person retiring from the military has a comparatively shorter amount of time to prepare for retirement. For these special retirement needs there is a special military retirement calculator.

Of course planning for your retirement from the military should start while you are still actively in the military. Your banking institution will be able to help you in finding a military retirement calculator that can help you start planning. Most people in the military are members of a credit union and that is always a great source of information.

The institutions that specialize in service to people in the military are usually keenly aware of the special circumstances of their clients. When military people start to plan for retirement, a military retirement calculator should make some important calculations that will make for the most perfect plans.

The Information You Can Expect

People in the military usually live very unusual lives, and these people also have many unusual benefits. Their plans for retirement will be affected by their unusual lives in some ways. Many people in the military move around during their careers so they do not always have a place that feels like a permanent home.

After retirement, military people will have to make decisions about their permanent residence. They might want to consider proximity to a large military facility where they might do their shopping to save extra money. Military bases might provide them extra savings on car repair and gardening as well as groceries. These factors might be considered when using a military retirement calculator.

The calculator does not do all the work. There are certain factors that only you know about and you have to input those into the calculator to get an accurate picture of your retirement. If you put in inaccurate or incomplete information you will receive inaccurate or incomplete results.

You have to tell the calculator what type of lifestyle you would like to enjoy once you retire. If you only give the calculator a location but don't input what type of house, car, etc. you would like to have in that location the calculator will be unable to tell you the information you need to be sure you save enough money for your retirement.

About the Author:

Know how credit card reduction services can affect your credit score? There are some things you need to know before you use these debt reduction services. Get the inside scoop on what you need to know on the Debt Smackdown website

The Best Free Way To Drive Free Traffic To Your website

By John Blanchard

The cheapest and easiest way to drive international traffic to your website are called Traffic Exchange there are 3 most common traffic exchange,the pro traffic exchange,the manual traffic exchange and the auto surf traffic exchange.

The quality of visitors from the auto traffic exchange is very poor,but if you are looking to build your Alexa ranking they work very well,you can receive allot of hits to your website in a remarkably small amount of time with hardly any effort at all.

Depending on the commodity or online service you are currently offering the manual traffic exchange will do fairly well for you,people must visit your website typically 10 to 15 seconds before moving on to the following site in the rotation,you can expect fairly good quality visit to your website.

Paid or pro traffic exchange provides you with quality traffic if you stop and think about these people actually paid to join this traffic exchanges so more than likely they would be more eager to purchase your service product,some charge a monthly fee but you can find some pro traffic exchange that charge you a onetime membership fee.

2 to 1 credit ratio is the most popular one out there,how it works is you view other website in the traffic exchange and earn credits,now you use those credits to get your website seen by other member of the traffic exchange,the more credits you earn means the more times your website will be viewed by another member of the traffic exchange.

You can also advertise with banners and text links on most traffic exchange.

If you are looking for local or a specific area to promote your website you will only waste your time,they work best for international visitors only,you can't control where your visitors are coming from on the traffic exchange.

The number of traffic exchange has exploded on the Internet over the past few years,has people are looking for more ways to receive free traffic to their website,you can find hundred of them out there.

About the Author:

Happy Traffic Hunting John Blanchard,Admin MyTurboDownline

Having A Financial Aid

By Mike Carbeck

It is very unusual for a person to graduate from high school with a bad credit record. Most youths do not have any credit record at all, until they apply to college and register for financial aid. This is usually their first foray into the vast world of credit.

As more and more people are applying for college every day, it is not just the high school graduate population that are seeking student loans. Hundreds of thousands of people who seek career advancement know that the only way this will happen is through furthering their education.

Many adults that are re-entering college find themselves needing a student loan, but facing bad credit limits their options. They are forced to seek alternative sources for college funding, because of bad credit choices that have affected their credit rating.

To apply for a student loan means filling out forms and paperwork with the college financial aid office and sending the paperwork over to the US government for processing. There are many reasons a person could be going back to college, it could be for career advancement, job training for a new career or because their existing job has been eliminated or they have been indefinitely laid off.

In this case, many of them will seek out an alternative loan or what is called a bad credit student loan. These types of loans have strict guidelines and rules. There is usually a set of preliminary qualifications that must be met before they can event be guaranteed a loan.

The US government treats education quite seriously and you should never be led to believe you will not be eligible. You will need to make sure you use this money for school and school only and not for shopping or even to pay your credit card debt. There are protocols and rules governing bad credit student loan applications and these rules do not apply to other types of loans or to any debt relief topics.

Your bad credit may put you at risk in the eyes of the US government, so while they may grant you a loan you may not actually receive any money. In cases like this, the check goes directly from the government to the school.

This is done as a method of fraud protection and that the money is not used for anything other than school. This may seem like a harsh reality, but it is a protection system. Never believe that you cannot go back to school, the government has several programs that are designed to assist even the most financially strapped people still be able to pursue their dream of higher education.

About the Author:

Mike Carbeck frequently contributes to http://www.debtmastering.com. What better time than right now to explore and learn more on the subject of credit card debt relief.

Is Your Debt Too Much?

By Steve Collins

Do burdensome financial troubles make you wonder if you are days away from eviction? Do you dread opening your mailbox, knowing it will be full of past due notices? Do you have bad dreams about being unable to satisfy creditors? Do you live from paycheck to paycheck? Consumer credit advising may best be the best way of addressing these severe worries.

Consumer credit advising is for people whose finances have deteriorated beyond their ability to manage them. When you are ready to admit you could use some assistance getting things under control, consumer credit advising is available.

Consumer credit advising starts with an appointment in which you and your adviser will look at your financial records, taking stock of your wages, your expenses and your debts. Together you will decide where you can cut expenses and draw up a monthly budget plan. If your ability to manage your debts alone is in question, consumer credit advising may lead to enrollment in a debt management program or DMP.

Consumer credit advising and DMPs are designed to help you get out of debt. With a DMP, you and your advisor decide on a monthly amount to be turned over to your advising service. Your advisor then acts as a go-between for you and your creditors. The target is to get late payment fees reduced or forgiven, the length of your loans extended and your interest rates reduced. The consumer credit advising service pays your creditors through your monthly payments.

Consumer credit advising can help you manage your finances. Getting out of debt will not happen immediately. Consumer credit advising can teach you how to manage your budget, and help you establish a repayment plan you can live with while fulfilling your obligations to your creditors. If you've hit a financial brick wall, consumer credit advising is an option to consider.

About the Author:

Steve Collins is an author and journalist. In these trying times, he knows the importance of obtaining effective debt solutions if necessary. Read his article about debt solutions here.

Pay Off Your Debt

By Michael Benifez

If you've decided that you are tired of constant calls from debt collectors, it's time to do something about your old debts. If you feel that you are buried under your debts and it is impossible to pay your way out of debt, you are not alone. When you find yourself in this situation, you should consult a debt counselor, who is trained to help people like you achieve freedom from their debts. They can help you get your debt under control. They'll also help you plan a budget that you can stick to, and teach you good financial strategies. Their advice can help you keep yourself out of debt once you are finally debt-free, because you'll learn good spending habits in the process of reducing your debt.

Other choices when you find yourself faced with extreme debt are filing for bankruptcy, or trying to find a loan to consolidate your debts. Compared to these choices, debt counseling is an excellent alternative. If you file for bankruptcy, your credit rating will be ruined for several years. In some cases, you may even risk losing your personal property by filing for bankruptcy. This is a serious undertaking, and it should not be taken lightly. Bankruptcy should be your last resort if nothing else works to get you out of debt.

For some people, debt consolidation loans can work for paying off their creditors. However, the debt will still exist under the new loan, and many people do not alter their spending habits, landing right in the same place again increasing the stress caused by debts. Plus, because debt consolidation loans are offered to people considered high-risk, they sometimes require the use of collateral. If you are unable to repay the debt consolidation loan, you will lose this property.

Unlike these two often-used options, professional debt counselors work with you to create a repayment plan you'll be able to follow. They will also help you create a reasonable budget, so that you'll be able to find the money to pay back your creditors. It won't be easy, but with time you will pay off your debts. Then the phone calls will finally stop. Plus, you'll have the tools to keep yourself out of financial difficulties in the future. Many people fall into debt because they do not have a budget that they can stick to. By going through a debt counselor, you will be able to plan a budget that will keep you from overspending.

About the Author:

Join Michael Benifez at http://www.everlife.com. Find out for yourself why so many people are interested in stress of debt.

Review of Lexington Law Firm

By John Cooper

Lexington Law is a professional credit repair service. They are headquartered out of Salt Lake, Utah.

There are 400 employees 22 of which are credit lawyers. They have been operating for over 17 years and have served 1/2 million people. They dispute negative items on your credit.

Is it legal?

Yes, credit repair is legal and your responsibility. The Fair Credit Reporting Act passed by congress gives you the right to dispute any item you feel is not accurate on your credit report. This law also says that any item that can not be verified must be removed by the credit bureau.

How does it work?

You forward a copy of your credit reports to Lexington. You also indicate what items you want them to dispute.

Then Lexington will mail a dispute letter to each bureau. When the bureaus get this letter they will investigate the item and send you notification of the result. If the item was verified or if it was removed, you then forward update to Lexington.

How long does it take?

This will vary depending upon how many items you wish to dispute. However you should expect a minimum of 6 months and a maximum of 12 months.

What is the cost?

They offer three levels of service, and you will be responsible to pay an account set up fee of $99. The prices on the services are; $39, $59, and $79.

Can I dispute my credit myself?

Yes, we actually encourage you to if you have minor damage on your report. For you to dispute an item you must create a dispute letter and mail it to each credit bureau.

Upon receipt of you letter the bureaus will conduct an investigation into the item. They will contact the creator of the negative item and ask them to verify the account, the balance on the account, and the dates. If the item is not verified then the bureaus will delete it from you report.

What else can I do to repair my credit?

We suggest you open a new revolving line of credit such as a credit card. This will help you to build a positive payment history by making your on time monthly payments. This factor is almost as important as negative items when your score is calculated.

In sum by building a positive payment history and removing negative marks you will be able to improve your score.

About the Author:

For more about Lexington Law or more tips to repair credit visit us.

Mini-Dow Index Trading Tip - Watch the Big Board

By Doug West

We are often asked why we prefer the Mini-Dow index to say the S&P or Russell minis. While any index will do, we especially like the mini-Dow.

Because of the faster movement of the Dow versus the S&P 500, the mini-Dow more closely follows it's big board parent.

So if it is just a matter of speed, then the mini-Russell would be even better right? Not exactly. The problem with the Russell is the low volume. This will no doubt change in the future. The mini-Dow had too low a volume for our money just a couple years ago, but that has now changed.

One more reason why we prefer the Mini-Dow is that we like no-cost tools, and it is much easier to find a reliable Dow chart. In fact there are many online that work just fine.

No matter which Index you prefer, we feel it is an advantage to watch the big board chart, and not the mini chart. We also prefer the 5 minute time frame.

Many traders watch both, which is what I did years ago before deciding to focus on the big board. Here's why. I found that I would not move on what the mini chart was telling me unless I confirmed it with the big board. A popular confirmation among traders. It finally hit me that if I would not make a trade without confirming it with the big board, then why did I need the mini chart at all?

When I dropped the mini chart and focused on the big board movement, my trading improved. I have sinced confirmed this strategy with Hundreds of my students and other traders. Just recently, one of my students who moved on to using the mini-chart (a paid service I might add), came back to our style and is now focusing on the no-cost big board chart we use. He also confirmed that his trading improved, and he now sees why we focus on the big board.

The mini chart (even in the 5 min time frame) is like trading with a 1 minute chart. There are too many head fake moves that get you in a trade before it has fully developed. The big board averages some of those moves out for you. It keeps you on the sidelines when you should be. Sure, you might not get in as early on some runs, but in the long term it will save you!

It is difficult to catch any move from top to bottom or vice-versa, but by watching the big board you can fairly easily get a nice chunk out of the middle (or many chunks with our BIG MONEY small trades strategy). A few nice chunks a week will keep you from needing a bail out plan!

About the Author:

Mini-Dow Index Trading Made Simple Doug West has taught thousands how to grow wealth with simple Index Trading and online marketing of products and services. He has affiliates that have earned $100k in less than a year.