How Sitting on the Fence about YOUR Financial Future can cost you BIG!

As of Today 11/18/2009 the Reverse Mortgage Rates have hit the bottom they CANNOT go down Any further. If you have been waiting to see what is going to happen it has already happened Reverse Mortgages have a ceiling and a floor on the rates, they have, Hit the Floor! Now there are also some important changes that you will benefit directly from right Now •The amount that is charge from the lenders has been change for the good of the senior. It use to be 2% of the appraised value no matter how much it is worth. • That’s was the charge! Now the charge is 2% of the first $200,000 and then 1% each hundred thousand up to max of $6,000.00 Huge Savings to you! •As of 11/18/2009 the maximum lending amount as also been changed for the Better •Was controlled by the county limits which had lower amounts at a National average of $232,000) NOW $625,500,000 This is two good REASONS to Act NOW! Visit Http://www.bestmortgageplans.com

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Reverse Mortgage Update

Well it looks as if the Fed is going to keep the higher limits on Reverse Mortgages at the current $625,500 at least for now. This is subject to change as many know the FED can change it mind anytime.

The New Economy fix for Seniors It's better then ever

With this economy today we never know what tomorrow will bring and for a Senior who has spent their life working and saving it is even scarier. Just imagine having o or trying to reenter the work force or trying to return at age 70. If you can find a job at this point with 10% of the the younger people out of work today. The main reason seniors are trying to get jobs is because they have seen their life savings disappear and go right down the drain. But the one thing that most seniors don't realize is that most of the existing wealth is in there homes. That's right the place that they placed most of the their money in is the home, the put money in it every month for 30 years and most don't realize that is was a forced savings plan for the future that earn in most cases over the years a 5% return annually on leveraged money with tax benefits. Wow what a country we live in the Government is now insuring that you get the money out that you paid into your home and you won't have to pay it back until you are gone from the place. To find out more how you can tap this money that you built up in your home visit http://www.bestmortgageplans.com

Find Florida Housing

To find Florida MLS Listings use eLookyLoo.com to search for your next home.

New Features New Name

I redesigned this blog it is now a place for seniors and their families to post issues and problems to get answers about everything from finance to home and back again.