With millions of Americans now at or approaching retirement age, the problems of failed pensions, inadequate social security, and escalating health insurance costs are threatening to cause a massive increase in the number of seniors who will be struggling to stay financially afloat during their golden years. Many of these people have turned to reverse mortgages as ways to supplement their retirement incomes, and if you are thinking of joining their ranks, you need to be sure your reverse mortgage is handled by a reputable lender.
Wherever there is money, there are people trying to steal it, and the reverse mortgage market is no different. It0s far from unusual for fraudulent reverse mortgage companies to demand huge up front application fees from their customers, all the time knowing that they have no intention of accepting them as borrowers.
The NRMLA
One sign that you might be dealing with shady reverse mortgage companies is if you are being asked to pay a large amount, say 5%, of the amount you expect to borrow, as an application fee. If you find yourself in that position, the first thing you should do is research the backgrounds of the reverse mortgage companies in question with the National […]
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Like many of our clients, we are constantly updating our Continuous Professional Development (CPD).One of the many pieces of reading material we were looking through had the title of ‘Advisers Have Vital Role As Persuaders’.This was based on the results of a survey which asked both individual investors and advisers 5 questions about retirement planning success. Fidelity, an investment group, asked these 2 groups to rank 1-5 the factors below:The survey aimed to identify how well educated a typical investor is, and to stress how important an advisers job was to ensure that the message they want to get across does indeed communicate itself to individuals. The context for this was that there is a lot of talk about the coming ‘pension crisis’, and how vital it is that investors get the right advice.Priority / Advisers / IndividualsAmount saved over a lifetime / 1 / 2Date at which saving started / 2 / 4Getting the right asset allocation / 3 / 5Picking the right funds / 4 / 3Finding the best pension plan / 5 / 1If we simply concentrate on the first and last factors, we see that the priorities here are reversed. Whilst individuals did understand that the […]
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With the way that things are going in the corporate world, job security is not what it used to be. Now companies are downsizing, going to temporary employees, hiring outsources and on tighter employee budgets. It is more important than ever to begin building your retirement yourself. One of the best ways to do this is through starting a small home business.
What is one of the quickest ways for starting a small home business? Info products are in high demand. People are constantly seeking information on all sorts of products, services, and a wide variety of topics. You can easily start an info business distributing wellness and health informational products.
Stop and think for a moment about home remedies that you use for colds, flu, head aches and even stomach aches. Perhaps, you have learned some tricks for younger skin or reducing acne. These are types of topics that people crave information about. You can create an online library of eBooks for people to purchase and download for starting a small home business.
What if you don0t write? You can hire ghost writers to write your information eBooks and products for you. You can even […]
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