Reverse Mortgage Senior Spot

How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy

2010-01-31T13:10:00.002-05:00

How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy
By [http://ezinearticles.com/?expert=Tim_G_Robbins]Tim G Robbins

Most people who have or had a 401k or Ira had some doing the investing for them, the company or person who is suppose to be and expert made bad choices or the selection just plain crashed on the market. Many of the 401k's where invested even in the company that they worked for at the time and the company lost their shirts and shoes. In many cases people had placed the IRA's with high risks or low return investments and did not see any growth.

The one thing that most people do not even know about and the investment gurus who make a fortune watching over your fortune good or bad, are that you can control what your money goes. There are options that they are not going to tell you about because they will not make commissions on your portfolio and that makes them keep it a secret. Many investors listen to their financial advisors who have taken hits on their own investment because they made bad choice for themselves, so how can they tell you what to do if they can't do it for their own investments.

These gurus will tell you that they have what you have for your investments; the real part is they make income even when you lose money they get paid on the up and the down. The only one that gets hurt is you and if you have short time until you need it you are in the hole. Right now you do not have much time to get back what you have lost by having someone else watch your investments you have to take control of them yourself. Well I am sure now you are saying to yourself I can't do this I am not and expert and they know more than me so they must be right. Wrong you do not have to be an expert to make big increases in your portfolio without having the so call expert doing the work for you.

So what is this way you can make your money work harder and smarter for you with all of the turmoil and loses that have happen in the market today. I know you see the stock market going up and then dropping over night. There is a way to actually make secure returns on your investments and be guaranteed anywhere from 12% to 15% secured. Ok now you're saying to yourself here we going with a Bernie scheme where everyone who got in got destroyed and lost everything. No this does have anything to do with any schemes of any kind; it has to do with capitalizing on losses' that are happening all around the country today.

What most people do not know that there was more money made by a few during the great depression then anytime in history and you can do it too. There is a part of the IRS tax code that lets you take control of your portfolio and make sound investments in real estate. As you are aware there are many pieces of real estate that are being offered and prices that are at a 10 year low or better.

I know right about now you are saying why I would want to invest in real estate when values are at the lowest they have been in years. Well it really very clear if you want to make money buy when everyone else is selling and sell when everyone else is buying.

So what is this opportunity that can make you wealthy in such troubling times!

Well if you have a 401k or a traditional IRA you a going to keep losing and you will never really get back what you lost over the last few years, unless you make a change in how you invest. The program that is available is called the self directed IRA! Yes by taking your 401k or current IRA and rolling over into a self directed IRA, you can purchase distress real estate and make big profits. But this is just the beginning!

With a self directed IRA you are going to be able to invest in real estate and buy homes or even commercial properties at 20% to 30% of the value and in some cases even less. The best part of using a self directed IRA is you are using tax deductable dollars to purchase and the growth is tax deferred. Unlike traditional real estate investing; when you invest and you sell you have to pay capital gains on the growth, or the difference between what you invested and what you sold for this is the gain.

In a self directed IRA you are using the funds that you deposited in the account that were tax deductable to purchase real estate and when you sell it all of the growth goes back into your account and no tax is paid on it. The best part of this is you can go and do this over and over again and keep deferring the tax on the growth until later in life. There is one little caveat; that you need to know and it's really not a big deal, you can't own the real estate in your own name it must be held in trust in your name. You still own it but the trust has to control the property. This means you purchase the real estate and the trust pays all the bills and when the property sells the trust takes care of everything for you. But the best part is you are in complete control by deciding what, where and how you are going to purchase and when you will sell.

So what can you do and what can you not do with a self direct IRA

First there are a few things you cannot do when using this investment option!

You cannot use your IRA to purchase

• Collectibles (purchasing art, antiques, rugs, coins, stamps, wine, cars, etc.)

•Life Insurance Benefits (purchasing life insurance benefits from a policy holder)

Now here is what you can do with your IRA to make big profits! Other than the exception listed above that's it.

Now if you purchase real estate which I recommend single family homes or income producing properties such as multi-units apartments or commercial income properties or real estate notes. Here is the rules when you purchase real estate for your IRA!

1. The IRA owner; his or her ancestor; his or her lineal descendents (i.e., parents, grandparents, children or grandchildren)

2. The spouse of the IRA owner

3. Financial advisors and other fiduciaries

4. Any entity owned 50% or more by a disqualified party (such as a business half-owned or more by the IRA holder's daughter)

Some examples of prohibited transactions include:

1. Renting IRA-owned property to lineal family members or a spouse

2. Lending IRA cash at a below-market rate to a friend

3. Paying yourself from income derived from an IRA investment

4. Personally guaranteeing a loan to an IRA asset

So now that you know all that you need to know about what you can and cannot do with your IRA go out and start making back the loses that took away your retirement. Go buy rel=nofollow [http://njbuyersonestop.com]distressed properties or great income producing real estate!

Tim Robbins a Long time professional Real Estate and Mortgage financing specialist in New Jersey. I have spent the better part of 20 years helping people make great choices in their real estate purchases. Along with working with my clients to help them understand the opportunities that are available in today's markets I have also taught many people over the years with education on how to make sure you make the right decisions and how to invest. To find out more on how you can have a profession broker who will only work for you in New Jersey go to http://NJbuyersonestop.com or call 800-610-3599 I am here to help. Also do business with me and I will give a year of access to a professional attorney and protect your identity for thieves who want to take it away from you. I will also make sure you make the correct purchase and the best deal possible.

Article Source: [http://EzineArticles.com/?How-You-Can-Turn-Your-Retirement-Portfolio-Into-the-Positive-Even-With-Losses-From-the-Bad-Economy&id=3650424] How You Can Turn Your Retirement Portfolio Into the Positive Even With Losses From the Bad Economy

2010-01-10T09:44:00.001-05:00

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2010-01-10T09:39:00.001-05:00

What would you do if your life made a major change for the good if you paid-it-forward one time would it make you do more

2010-01-07T18:55:00.001-05:00

http://ping.fm/SSeB1 This is what I am doing but it's cold out here

2010-01-07T18:45:00.001-05:00

Timrobbinssr Just got a new program that I think everyone will want It's Free and will open your social world http://www.Ping.fm

Think IQ For Success

2009-12-17T06:16:00.000-05:00

2009-12-17T06:13:00.001-05:00

"Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy."
~ Norman Vincent Peale

What the FBI Says You Can Do to Protect Your Computer Identity

2009-12-14T10:22:00.000-05:00

US-CERT Current Activity

FBI Releases Warning about Scareware

Original release date: December 14, 2009 at 9:04 am Last revised: December 14, 2009 at 9:04 am

The Federal Bureau of Investigation (FBI) has released a warning to alert users about an ongoing threat involving pop-up security messages that appear on the Internet. These pop-up messages may contain seemingly legitimate antivirus software. Users who click on these pop-up messages to purchase and install the bogus software may become infected with malicious code or to become victims of a phishing attack.

US-CERT encourages users and administrators to do the following to help mitigate the risks:
* Review the FBI Press Release titled Pop-Up Security Warnings Pose
Threats.
* Install antivirus software, and keep the signature files up to
date.
* Use caution when entering personal and financial information
online.
* Install software applications from only trusted sources. Here is the rest of the story click here
Now You need to protect yourself with Idenity Shield Click Here http://timrobbinstv.com/protect1

The Secrets For Seniors! How to Become Self Employed and Earn Money on the Internet - Senior Expert

2009-12-08T22:15:00.000-05:00

The Secrets For Seniors! How to Become Self Employed and Earn Money on the Internet - Senior Expert

The Secrets For Seniors! How to Become Self Employed and Earn Money on the Internet - Senior Expert
By Tim G Robbins

These are not real anyway and they are looking for good opportunities that fit into their retirement lifestyle.

So what are the best ways for seniors to increase or supplement their incomes and still enjoy their retirement years and find the correct program they are attracted to?

First what they need to do is look at what they did when they were in the work force and what will be attractive to their peers. Many of the network marketing companies that are out there have products and service that are what seniors need and want and they will purchase from someone that they can relate to and someone the trust. A senior who steps into internet network marketing with patients and strong work ethics, couple with integrity and compassion will excel to income levels they only dreamed of when they worked full time.

Secret inside facts revealed to seniors they could offer people products that they themselves would need to use and by doing this they are actually paying it forward to people that think alike. Many seniors could use a little extra income and can offer other seniors the same chance to increase their incomes as well. Since the seniors on the internet are the fastest growing segment of the internet and growing at the highest rate since the internet began.

So how do you find such a marketing opportunity where people not only need it but will really be glad that they were able to learn about from a senior like themselves will truly be a major benefit to every senior who get into marketing online. Want to know more on how seniors can earn a great living and be able to pass on their accomplishments in business to their heirs and make a difference in the lives of people across America and in fact the world then get in the no and see what you can do for you and your pears and friends.

Tell your friends that are options available to them even in their golden years and its not being a greeter in a department store for pennies.

Leading Internet and Business man Tim Robbins offers training and experience helping seniors enter the self employed arena while working from home with freedom to enjoy their retirement with legal and ethical network marketing programs each and every person needs to protect their lives and protect their families for pennies a day to find out more visit Tim Robbins website go to http://www.timrobbinstv.com/next You be glad you have the opportunity to work with an expert and a company that has been around for over 35 years. Safe and Secure

Article Source: http://EzineArticles.com/?expert=Tim_G_Robbins
http://EzineArticles.com/?The-Secrets-For-Seniors!-How-to-Become-Self-Employed-and-Earn-Money-on-the-Internet---Senior-Expert&id=3379140

What is Success and How do we achieve it?

2009-12-07T10:31:00.000-05:00

Success:
Is really a feeling and not a destination or a financial elevation. A true successful person is someone that feels good about where and what they have done in their life. Success is not measured by bank accounts nor even by where other people perceived you are in life. It is not measure by your financial status in the world; it is measured by a person’s own self worth!
Persons Self worth: Is what they see in themselves that makes you feel successful, by what you have contributed to society as a whole? If you are a person who never does anything for anyone but yourself it does not matter if you are wealthy or even healthy you are still poor if you do not help people.
Some people think: Because they make a donation; because they get a tax write off is not really helping anyone but themselves, because if not for the tax benefit then most likely would not have made the donation in the first place.
Wanting Success:
If you are a person who really and truly wants to achieve success what you don’t realize you may already have achieved it just by Paying-It-Forward to just one person! To achieve true success means more the money it about the things you do in life to not only help one’s self it’s about what you do to help other people as well. A wise man once said “No Man is an Island unto Himself” To me this means you can never go it alone or without Pay-It-Forward to other people.

So how do you Achieve Success:
It is a building process that starts with a great foundation; just like when you are building a house or a major high rise building without starting with a good base the building will come crashing down. Your base in life should really be about helping people and it does not mean just financially providing. If you want to get to the top of whatever you want to achieve then help people along the way and you will achieve success. If you step on people on your way to success your success will be short lived or you will find that it is not what you expected!

Share and You will be rewarded: Share yourself with other people and you shall be rewarded more than any investment or growth of income. Remember to truly achieve success in life it is and always be Pay-it-Forward every chance you get and make the world a better place. If each and every person in this world did it just once “IMAGINE” how much better the world would be for you and for me.
If you would like to join my movement that I believe can change lives and help people not only protect what they have achieved in life, but also help people achieve more in life by Paying-It-Forward to other people. This is a service that every person needs simply because there are people out there that believe they become successful by taking from other people without them knowing about it and hurting people is profitable. Take the leap of faith protect yourself first then Pay-It-forward to other people and you will achieve success beyond your wildest dreams. “Doors will open many times when you open a door for someone else”!
Here’s to all the people who believe in Paying-It-Forward in life.
To Your Success
Tim Robbins
http://timrobbinstv.com/next

A Secret as Why African Americans excels in Online Network Marketing…… Real Secrets

2009-12-05T14:59:00.001-05:00

The secret is in the network and the fact of knowing how to make sure that your neighbor has the same opportunity because you shared. Sharing is the same as paying it forward. Since the beginning of the 19th century when the white man brought the black man to this country as slaves they as people never quit striving to get to the top and be equal with everyone else. This is not to say they were not equal it just had to do with ignorance in the country that spanned for a hundred years or more.
But the real secret lies in the African American community as a whole that no matter what they would never quit. They are exemplify the meaning of the words Don’t Quit because they as American’s never stop striving and never stop clawing and swimming upstream. As people and human being all people should be willing to do whatever it takes no matter what to achieve person success.
Now success is different for every person on the planet, but as I see it for the African American success is more than just money it is and was about being equal under God just as it says in the Pledge of Allegiance One Nation under God is what this country is based on, it just for many years did not mean black and that was wrong plain and simple.
So what is the inside secret that the African American new to become successful in life in this country it was the power of the people, join together and not making one feel different or one ahead of the other. They join together as one moving in the same direction for the same cause, this is no different in network marketing. To be successful in any business whether it is Internet business or Home based or Network market it all about joining together as one and all moving in the same direction to achieve oneness and this is what the African American community has achieve over centuries. As the great Dr. Martin Luther King said will shall all come together as one and when we do this, we will all prosper as a nation.
To achieve success you need to reach inside of yourself and come to the realization that you are not an island and that great success come from sharing and paying it forward to each and every person you meet. Now that does not mean that every person wants to or will be able to grasp what it is that you are trying to share but at least give them the chance no more than every person who reads this article is going to agree with it.
As a white man I know what it takes and the most important thing that I can see it takes being open and forthright and willing to share with everyone and Pay-It-Forward every chance you get and do it without reward. Paying it forward in my opinion is a way of life not a means to financial reward, by helping people help people it will make the world a better place and that will be the reward.
So if you want to really excel in internet marketing or home businesses or for that fact any business or employment remember to always share and pay it forward to every person you come in contact and you will be rewarded beyond your dreams. As the Chinese say Full Circle!
As Albert Einstein said "Strive not to be a success, but rather to be of value."

2009-11-27T16:57:00.000-05:00

Indentity Theft is Real and On the Rise

How to Protect Yourself and Your Family

Below You will be able to watch video's produced by the FTC

(Federal Trade Commission)

Our Main Goal is To provide you with information on

What, Where and Who to look out for and help you protect your biggest asset

YOU

Once you have viewed all of the Videos and the print material offered you can then choose what you want to do.

Our One Goal and belief is just very simple

Pay-It-Forward

We hope you will join us in our quest to help America help themselves by

Passing-It-Forward

Now sit back and be educated we have also included fun things for you and your Children to enjoy and learn

See what the FTC has to say

When Finish Select Next

Want the Protection for you family and or your friends then fill out the brief form below

Protect Yourself Now!

Free Report Reveals

Here's what the FTC says about Indentity Fraud and what you can do to protect You and your Family

Get your 72 Page Report Free

Before it happens to YOU

Five Major Things That Can Destroy Your Life Today

Drivers License
Social Security
Medical Information
Character/Criminal Actions
Financial Transactions

Visit http://www.timrobbinstv.com
By supplying us with your email address, you are granting your permission for me to communicate with you personally. Your address and contact information is never sold, offered to, bargained for with anyone for any reason. In short, I respect your privacy and will never do anything to harm our new relationship. Besides, I absolutely HATE spammers!

Retirement Living TV talks Reverse Mortgages

2009-11-22T13:53:00.000-05:00

Massachusetts Rep. Barney Frank supports Reverse Mortgages

What’s with Seniors Why they are Afraid of a Reverse Mortgage

2009-11-22T08:10:00.002-05:00

This is the 24 thousand dollar question? The only mortgage product that carries a 97% satisfaction rate and seniors are still not taking advantage of a program that can change their retirement years for ever.

Q: So Why is it that they still fear it?

A: Well the number one reason that I have found is they still lack the understanding of the safety of the mortgage. They listen to everyone in the media who says it's bad!

Q: So why does the media say it is a bad program?

A: The media always plays their stories to the bad side of everything this is a Fact. Listen or Read a Newspaper or article how many times you really get good news on the front page or as a lead story. Bad News Sells this is the facts. The other issue is in most cases the person who is doing the story is not a senior who is in trouble financially or has seen their life saving disappear.

Q: So what makes this Mortgage have a 97% satisfaction Rate over other programs?

A: Well let's look at the program and what it does for seniors that NO other mortgage or public program can do.

It allows a senior to use their number one asset and convert it into cash or credit line without having to qualify.
Once they have a Reverse Mortgage they never have to make a mortgage payment ever again in life.
They can remain in their home for the rest of their life; No one can ever take the home for failure to make their mortgage payment.
Having money to pay for necessities such as medicines, healthcare, even trips or just going to the movies if they wish. In other words More Freedom
The only requirement that they have to make is what they must do in any mortgage, Pay Taxes, Pay Insurance, live in their home and keep the up keep going.

Q: So how can a senior receive the money?

A: This is the best part the senior can choose to receive the money in a multitude of ways that they can change over time.

Such as first they can take all of the money at once.
They choose to have a monthly income for life and this does mean life until the last person dies or moves out of the home.
They can setup a credit line that keeps growing and never adds to the loan balance until the money is actually used.
They can choose any one of the different ways to control the money it's up to the senior no one can tell them how or what to do with the money.

Q: What does it take to qualify for a Reverse Mortgage?

A: This is the easiest part for any senior! If a senior or couple they must be 62 years or older. They must hold title to the home it does not have to be free and clear but it should have at least 50% equity.

Q: Can the Bank take my Home?

A: No Plain and Simple the bank does not take title to your home you remain the owner at all times.

Q: What about my children or heirs?

A: This is a question that many seniors ask and the easy way to answer this is simple If you needed money and not just five dollars to pay for medical, taxes, or other large expenses would your heirs or children send or be able to send you the money just because you asked? Here is the answer to the 64 Thousand dollar question they are in most cases suffering the same financial issues as you and in some cases even more the economy has not chosen who to hurt it affects everyone in different ways.

Here my question to you the reader!

Q: Where is it written and who said that it is the responsibility of a parent to leave anything to their children or heirs? If you have this answer please post it so everyone can see that this is not nothing but a falsies. The only obligation that seniors have is to you; and to give yourself the life you worked their entire life for and not put a burden on anyone else financially. Now that does not mean they cannot ask or receive help from family for other issues if they take care of their financial lives and keep their heirs from incurring debt when you are gone. The Reverse Mortgage is the only
NON_RECOURSE LOAN AVAILABLE

For more information on how a Reverse Mortgage can help go to the Reverse Mortgage GUIDE

2009-11-22T06:34:00.001-05:00

2009-11-21T19:20:00.001-05:00

Tim Robbins

Create Your Badge

2009-11-20T08:14:00.001-05:00

Post your answers

2009-11-20T08:12:00.001-05:00

Become a fan

2009-11-20T06:49:00.002-05:00

Tim Robbins is a fan of

SeniorCare Organizational Systems (SOS)

Create your Fan Badge

Send everyone a Video for the Holidays

2009-11-19T06:36:00.002-05:00

Helping Seniors Age in Place

2009-11-18T09:44:00.001-05:00

By [http://ezinearticles.com/?expert=Marilyn_C._Ellis]Marilyn C. Ellis

"Aging In Place" is a senior care industry term for helping elderly remain in their home rather than live with family or go into assisted living. I hate this term. It sounds like leftovers rotting in the refrigerator. Who wants to do that?

We are all living longer than anybody expected. The original Social Security business model expected people to retire at age 65 and be dead by age 72! Not so, now. It is not unusual for people to live well beyond eighty and indeed the population of those 100+ continues to grow. In fact, futurists predict that by the middle of this century, living beyond 100 years will be the norm.

So what exactly needs to be addressed when seniors want to remain in their home? I'm here to tell you that aging in place is more than grab bars in the tub and Meals on Wheels delivery. Remaining at home should not mean monotonous days filled with TV and solitaire and nothing else to look forward to.

Let's discard the term "aging in place" right now. I prefer using the term "Safe, Happy and Engaged In Life at Home". No rotting in the frig allowed. If your beloved senior is rotting at home, its time to make a change or move them somewhere else.

The term, "use it or lose it" is applied here in the very truest sense. In this youth oriented world, seniors are made to feel irrelevant. With most of them non tech savvy, the internet makes them feel left out. The world is scarier now, crowds make them nervous and politics make them crazy. Isolation diminishes their social skills and makes them even more reluctant to re engage in life. So what is the solution?

Families of seniors have to be willing to take a closer look at the lives their elders are really living. If they are slipping in to dementia, is it because they have nothing to do other than watch Jeopardy and play solitaire and nothing to think about or is it for organic reasons? I'm not entirely convinced that all dementia is organic. In my senior move management practice,I have seen many seniors blossom both physically and mentally when they are reconnected with the outside world. So can they be Safe, Happy and Engaged in Life at home? Maybe. It will take more than a visiting nurse and food delivery to accomplish it. Seniors need to BE in the world - participating at a Senior Community Center and taken to their beloved symphonies,lectures or theatre as well as interaction with younger people. A couple of basic classes on the internet wouldn't hurt either! Sending email to their grandchildren would be such fun!

So much of their lost mobility is due to lack of exercise. A colleague of mine commented the other day that if she saw one more group of seniors playing balloon volleyball, she was going to scream. Seniors need physical activity too -from professionals - not just the person who is also in charge of arts and crafts. We have to remember that these little old wrinkled bodies once ran the world, indeed SAVED the world and still have a lot of show us and we owe them more than a life of Jeopardy and Solitaire at home.

If you have a loved one who wants to stay at home, make sure they are not rotting like leftovers in the frig. If you choose to move them to assisted living, stay clear of balloon volleyball!

Marilyn Ellis, Author, Speaker, Professional Organizer, Senior Move Manager and Business Development Coach, loves working with senior clients and their families. She also coaches individuals and companies on how to grow their senior service businesses. For three FREE reports on how to become part of the growing senior care industry, visit her website at http://www.movemomanddad.com.

Article Source: http://EzineArticles.com/?expert=Marilyn_C._Ellis http://EzineArticles.com/?Helping-Seniors-Age-in-Place&id=3204231

Visit The Best site for Reverse Mortgage education in New Jersey and Florida click Here

The Greatest Generation Seniors Did Not Do Anything Wrong to End Up in Financial Trouble Today

2009-11-18T09:36:00.002-05:00

The Greatest Generation Seniors Did Not Do Anything Wrong to End Up in Financial Trouble Today
By Tim G Robbins

If you are one of the many seniors who followed the plan and put away your money in your company's retirement program over the last twenty-five years on a regular schedule and pick what you thought were sound investments, you thought you would have a nice nest egg to live off the rest of your years. In theory it should have worked out well for you, but the problem is that while you were saving for the rainy day retirement fund the one thing that you never new was brewing throughout the world was what I like to the Big G. So I guess you are wondering what the Big G is well it is something that just got so big that it hate itself.

The Big G is Greed the single biggest factor and in fact in my opinion is the number one reason for the financial mess that the world is in today. The Greed Factor is wide spread it has hot every segment of the economy and each and every hard working person in the country. The one thing that continually going on was that if they can get one then they could ten and then twenty and fifty and so on until the bottom had no choice but to drop out and the ride was over. The ride was good for so many people the biggest problem was that all of the people who trust the money keepers that they could continue on forever and the script was so well written they everybody believe it. It does not matter what investment it was from real estate to stocks, there had to be a hole in the donut somewhere and it had to come to and end sometime.

The seniors put all of their faith in the system and the system let them down in a big way, many have seen all of their hard work go right down the drain and the ones that are responsible for handling the investments had shown no remorse. In fact they turned around and held the country and the world at gun point and forced a bail-out of their mistakes. The problem is that the bailout should have gone to fix the peoples losses and not the ones who made the most profits from the losses.

I read an email a while back and it made more sense then anything I had read that either came out of the government or anywhere else and it went something like this, so think about this real hard. If you take the entire amount of the two stimulus packages which was around 1.5 trillion dollars to date and you took all of the money and took every person in the country who pays taxes and this to me was the key Pays Taxes and you divided the money up equally between each person and sent them a check tax free. The check would equal somewhere in the area of $250,000 tax free this would correct the economy. People who received this check would have been able to pay off or pay large amount of the credit issues off they would be able to purchase goods and services and much more then just giving it to the same people who cause the problem in the first place. Think about this; what could you have done if you were sent a tax free check in the amount of $250,000 do you think that this would change your life financially. Would it not have reduced people bad debt and banks and creditors would have the money that was loaned out back in their pockets in many cases. Even if the person who received it went out and just blew the money it would have been put into the economy one way or another that money would be in circulation today.

They would buying cars, houses, goods and services and even paying off debt, if this would have taken place there would be more capital going around the country and the world and even the people who lost their jobs would have been able to survive or start a business and not be wards of the government. The biggest problem is that this is to simple and not complex enough to keep the average person confused for life. With all of the money that has been loaned or given away to all of the banks and companies has it changes your retirement income for the future in anyway shape or form. The answer to that is no and it will not simply because if you are at the age of 70 when you can receive the most from Social Security you just don't have enough time left in your life to get it all back in your lifetime.

Now the fact is this will never happen the government or anyone else is going to hand you $250,000 tax free and not have to pay it back right! Well that is not completely accurate because there is a program that is complete for seniors who are over the age of 62 and have work hard to keep their homes. These same people are the ones who built this country and they deserve to have a program that will give them back some of the money they given up because of what the greedy investment and company owners have taken away. This exclusive program has over the years receive good and bad press and the real truth is that the people who say negative statements are most likely the same people that took you r money in the first place. The program is the Reverse Mortgage, this program gives the availability to take a portion of the equity you have in your home and use it tax free and you never have to pay it back in your lifetime. In many cases people are able to take care of the mortgage that they currently have and pay if off completely and eliminate payments, which in turn increase their income dramatically.

In other case where people who do not have a mortgage they can have a large sum of money to use anyway the see fit to use it or they can choose to have a month check for the rest of their lives no matter how long they live. They can also have a combination of choices as to how they want to receive the money over years or they can just have if something comes along in the future. Yes there are people that say that the cost of a Reverse Mortgage is very expensive; but the fact is very simple the cost of doing nothing and just stressing your life over things that you cannot control it more expensive then the cost of receiving a lifetime of piece of mind. Not to mention the cost of a Reverse Mortgage is not and upfront cost it is spread out over the life of the loan even though it comes out up front from the total proceeds.

Now here is the simple way to determined how much money will be available to you gross! If you are currently at the age of 65 and you have your home that you owe nothing on take your age and minus 5 years and this would be the estimated gross amount you would receive percentage wise about 60% of your homes value and from that the cost of the loan closing cost and insurance is deducted which on the average is around 10% in the first two years. Remember this; the longer you stay in your home the less it will coast over years, meaning added to the loan balance. Since you are going to be able to stay in your home for the rest of your lives without have to make any payments ever again other then taxes and insurance you will not only have more money but you will have less stress in your life and live longer and have a better quality of life in the year that you should. So think Reverse Mortgage and don't let the negative people sway you from enjoying what you worked so hard to achieve they have already taken away the other parts that you work hard for over your life.

Tim Robbins, Sr. is a senior Reverse Mortgage Specialist. My main goal is to provide the best education resources available and to always place the seniors interest first and foremost. My website is designed to give you all the available information which you can review either in print or video by visiting http://bestmortgageplans.com for all your senior resources to help you enjoy a good life. Also contact me Toll free at 800-610-3599 for a Free Report All About Reverse Mortgages you can call my 24/7 recorded HOT LINE at 1-800-610-3599 Serving all of Florida and New Jersey.

Article Source: http://EzineArticles.com/?expert=Tim_G_Robbins
http://EzineArticles.com/?The-Greatest-Generation-Seniors-Did-Not-Do-Anything-Wrong-to-End-Up-in-Financial-Trouble-Today&id=2855136

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Obama's Loan Modification Program - Take Action Now to Prevent Losing Your Home to Foreclosure

2009-11-18T09:25:00.001-05:00

Obama's Loan Modification Program - Take Action Now to Prevent Losing Your Home to Foreclosure
By Jake Randell

Are you scared of losing your home? Millions of other people are in the same position as you, but you can do something about it.

The new Obama administration has set aside millions of dollars to help people like you secure their home and avoid losing it. Read on to find out more.

Due to the state of the economy increasing numbers of people have been losing their homes. The situation has got so bad the administration has stepped in and helped millions of people to restructure their loans and help to save them from foreclosure.

This loan modification plan helps people to not only keep their homes but to stay up date with their payments so they do not fall behind again and there is no further risk of foreclosure.

The Obama administration is so confident of this program that even private companies are offering help. If people keep losing their homes it will have such a negative effect on the economy the administration has no choice but to help you.

The new loan modification program will make it easier for you to pay your mortgage each month. You will not need to worry any more about how to pay for the electricity or food at the end of the month.

Because the administration has stepped in that is why private companies are now helping as well at no charge. There is no reason to suffer the distress of being foreclosed when you can take action and stop it in minutes before it is too late.

If you want to save your home here is the best place to avoid bank foreclosure this will help you keep your home, just click here.

Article Source: http://EzineArticles.com/?expert=Jake_Randell
http://EzineArticles.com/?Obamas-Loan-Modification-Program---Take-Action-Now-to-Prevent-Losing-Your-Home-to-Foreclosure&id=2835454

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2009-11-18T09:13:00.002-05:00

Attorney

How to Choose a Loan Modification Attorney
By Bobby Tucker

As negotiating for a mortgage modification can get frustrating, seeking the help of a loan modification lawyer is advisable. Before hiring, ask these questions to the loan modification company/lawyer:

How do you know if you can help me with my mortgage modification?

Can you give me 3 people that you successfully helped get a mortgage modification?

How can I get my mortgage loan modified?

How much will a mortgage modification cost me?

Can you tell me what to expect with my lender during the mortgage modification process?

Your loan Modification Attorney Should be Knowledgeable, After Speaking With Them You Should Be Able To:

Know if the company is knowledgeable in the field of mortgage modifications. Let them talk about their background and other informative notes. Check if they know what they're doing.

Know if the company has a successful mortgage modification history. Make sure to follow-up with the people they have worked for. They will tell you what the modification company is all about, their impressions, how they were handled, and the company's procedures.

Know if the company is armed with strategies to get your mortgage modified. Mortgage modifications can sometimes be easy depending on your lender. In some cases, the company would only negotiate for payment modification basing on monthly gross income and no principal reductions are involved. However, at some point, the company has to use violations of law in the current loan as leverage which makes it difficult and complicated. Their legal staff will go through your loan contract, acceleration clauses and other documents that bind you with your lender to find any infringement.

Normally, modification companies require a fee right away, ranging from zero to $3,000. If successful, the modification success fee is usually 1-2% of your loan amount. Take note that, although knowing how much they will charge you is very important, do not ask this question outright. What matters most is getting your mortgage modified. The charge does not define the capacity to get your mortgage modified successfully.

Know their overall experience in mortgage modifications and foreclsoure. A clear discussion of your situation and what they know about your lender or that they have worked with your lender before, should be able to tell you if they have a lot of experience.

In a situation as critical as this, where a mortgage modification is your only option, it is wise to consider these things in deciding to hire a loan modification attorney. You don't want to invest your time and money for nothing.

Get your Free Do It Yourself Loan Modification Kit. Loan Modification Kit includes everything you need to complete a loan modification on your own. It will teach you how to negotiate with your lender and most importantly what NOT to say to your lender. The secret to a successful loan modification is how you present your case to the lender. This DIY loan mod kit will explain the loan modification negotiation process in explicit detail.

Visit our website for How to articles, mortgage calculators, free sample hardship letters, foreclosure timelines, and dozens of informative articles on loan modifications and foreclosure. Stop by to check out our growing library of free financial kits. We currently have bankruptcy kits, credit repair, and loan mod with more on their way!

FreeDIYkits "Helping Homeowners Help Themselves"

Article Source: http://EzineArticles.com/?expert=Bobby_Tucker
http://EzineArticles.com/?How-to-Choose-a-Loan-Modification-Attorney&id=3267843

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REVERSE MORTGAGE APPLICATION CHECKLIST:

2009-11-18T07:36:00.003-05:00

•PHOTO ID (Drivers License/Passport/Military)
•Copy of Social Security Card
•Copy of Deed to Home
•Last Mortgage Statement
•FHA Counseling Certificate
•Copy of Homeowners Insurance
Last Mortgage Statement
Last Tax Bill
Current Utility Bill

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