How to Eliminate Mortgage Years

When you take out a 30-year mortgage, or mortgage with other term, your bank calculates a monthly payment that contains both the interest you owe on the money you borrowed and some extra that gets applied to what you owe. As you make your payments, you pay more principal and less interest until the loan […]
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How to Retire With More Money Than You Thought Possible

If you’re worried about the prospect of retiring without enough money to sustain your current lifestyle, you’re not alone. A large percentage of Americans face the same dire situation, with a massive decrease in disposable income very likely the moment they retire from the workforce. However, there are ways you can increase your retirement savings […]
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5 Important Facts About Reverse Mortgages

Reverse mortgages are an excellent financial tool when used properly, but they are only applicable to certain situations. With a reverse mortgage, the homeowner receives either a lump sum or installment loan based on the value of their property. The lending institution then places a lien on the property, and ownership of the property transitions […]
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Reverse Mortgage Advantages

Get misuse or settle monetary responsibility and make no settlements For as prolonged as you remain in your house or keep the financing Lasts as extensive as one residence proprietor remains Providing establishment might not require any type of type of settlements with little resident dedications Complete security With hardly any demands, the loan provider […]
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Economic Woes Make Reverse Mortgages More Attractive to Seniors

According to the Bureau of Labor Statistics, there is no inflation in today’s economy. Social Security COLA increases, which are tied to inflation, have been held to a mere 1.5%. However, grocery shoppers and those people driving gas-consuming automobiles have seen the prices of food and energy increase dramatically over the past three years.  For […]
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