What is reverse mortgage? A Reverse mortgage is a special type of loan for seniors 62 or above, that lets you convert a part of equity in your home into usable cash. Borrowers do not need to repay the loan if the home is their primary residence and they meet the obligations of a reverse mortgage. Most reverse mortgages are provided by the Federal housing administration (FHA), as part of its home equity conversion mortgage (HCEM) program. What types of home are eligible? Any single family home or
how a reverse mortgage can supplement your retirements savings. Naturally, according to research, financial experts have stated that the current retirement saving profile will not provide enough money to most people approaching the retirement age. For instance, only 5% of people at the age 55-65 have met the saving targets in their retirement account balances. Therefore, the retirees and their financial planners should seek other means to enhance their retirement planning. Indeed, a reverse mortgage
Mostly when we talk about a reverse mortgage, we focus on the client, the mortgage company, the Federal Housing Authority (FHA) regulation, pros and cons of a reverse mortgage, who is eligible for a reverse mortgage, loan amounts and the reverse mortgage available in the market. However, there is always one factor for eligibility for a reverse mortgage that is constantly overlooked. The property or home which can qualify for a reverse mortgage. A home or property is the main factor in determining
retirement” (Neil & Neil, 2009, p. 53). In an effort to supplement inadequate retirement incomes, some seniors have capitalized on the “accumulated equity in their homes” (Kroleski, Ryan, & Bottiglieri, 2009, p. 37) through the provision of reverse mortgages. Other elderly homeowners faced with housing conditions that are considered unsafe or unacceptable by objective housing standards, have chosen to stay in their lifelong homes until they are forced to vacate, according to Dee Gillis, City of Gastonia
The Woman Behind Cleopatra, by William E. Wallace, is an article about Michelangelo’s famous Cleopatra drawing. The article also looks at the drawing on the reverse side that is called grotesque by many; why the Museum of Fine Arts in Boston included it in an exhibition of the masters, and Michelangelo’s relationship with Tommaso de’ Cavalieri. Wallace is a Professor of Art History at Washington University in Saint Louis and the author of the book, Michelangelo: The Artist, the Man, and His Times
Analysis of Priceline.com Incomplete Paper Priceline.com (PCLN) may have been able to bring a dynamic reverse auction model to the market, but a cloud of doubt now hangs over the company's headquarters in Norwalk, Connecticut. Consumer adoption has been hurt by poor Web site functionality and a rigid bidding system that locks customers into buying products such as plane tickets without any control over specific flight details. On a bullish note, the company was recently reinstated into Connecticut's
Owning a Home and Types of Mortgages Buying and owning your home is part of the American dream. Although the dream itself has since changed, the home still remains the main focal point. Today owning a home doesn’t necessarily mean a house. People now buy duplexes, cooperative apartments, and condominiums. For some families it could take up to a couple of generations before it’s able to have the capabilities of buying a home. To many people it means a certain achievement that only comes after
“Welcome all! This is a glorious day, as we are beyond excited to have world-class writer Tristan Teichmeier here at the Pulitzer Prize Convention to read off his most recent work of brilliance, an essay on the impact of critical, creative, and independent thinking. Now, without further ado, we introduce to you Tristan Teichmeier.” “Ser especial” is what I always used to hear from my mom when I was little. It translates to “be special,” and is something I try and pride myself on every time I take
Small size desalination plant The Kwinana Desalination Plant, located south of Perth, Western Australia, turns seawater from Cockburn Sound into nearly 140megalitres of drinking water per day, supplying the Perth metropolitan area. Large scale desalination plant Wonthaggi desalination plant) is awater desalination plant in Dalyston, on the Bass Coast in southern Victoria, Australia, completed in December 2012. The plant is an integral part of Victoria's water system, supplying water via a series
Every year at the same time, thousands of students face the same difficult decision: What college should I attend? Consider two young men both of the highest intellectual capacity and deserving of admission into the nation's most prestigious institution. Steven, high school All American, student body President, and leader of the debate team, hopes to be admitted to the university of his dreams. Christopher, most valuable player in the high school division and aspiring NBA athlete, wants to attend
Affirmative Action is Reverse Discrimination "That student was accepted because of affirmative action policies." With my first intake of the phrase, I realized that the student, whom I knew and worked with so many times, the one with such a lack of motivational ability, confidence, and ideas, was now occupying my chances towards a preferred school. "Affirmative action", I soon found out, was used by President John F. Kennedy over 30 years ago to imply equality and equal access to all
Affirmative Action Helps Qualified Minorities Affirmative action doesn't require a company to hire the local percentage of women and minorities, qualified or not. The program determines the percentage of qualified women and minorities available to a company, then sets flexible goals, to be reached in good faith. As a result, numerous studies show that minorities who land their jobs through affirmative action are not less qualified than their colleagues. Critics of affirmative action often
left off prematurely on the road of education. Sources Cited Cross, Theodore. "What if There Was No Affirmative Action in College Admissions?" The Journal of Blacks in Higher Education. No. 5. Autumn 1994. 52-55. Dreyfuss, Benjamin W. "Reverse Discrimination’ or ‘Equal Opportunity’?" http://www.people.fas.harvard.edu/~dreyfus/bakke.html. 1995. Mundy, Bob. Personal Interview. 27 April 2001
1. I believe that Dr. Zuger chose the people she did because she was trying to get a large amount of differences of infections the patients could contract and also show the patients' similarities in lifestyle and the similarities in the way in which they grew up to try and educate people on the lifestyle one must live to put oneself at higher risk for contracting this terrible disease. The characters all seemed to have come from a home without much love from their family members, or they had something
Q1 Beam and Segev (1997) defined an electronic auction as a special case of electronic negotiation and an electronic reverse auction (e-RA)-synonymously named online reverse auction - is a frequently used type of electronic auction in B2B commerce. Among different procurement methods an electronic reverse auction emerged in the mid 1990s started to play an important role. Initially it was adapted by automotive and aerospace procurement managers for commodity parts. Nowadays it is applied and extensively
proteins with the function of duplicating DNA before division occurs (2). Reverse transcriptase polymerase chain reaction (RT-PCR) is a frequently used method to observe expression levels of RNA (10). Using RT-PCR one is capable of identifying a predetermined gene (vangl2) via complementary Deoxyribonucleic acid (cDNA) (9). RT-PCR can then be used to clone the targeted gene by reverse transcribing its cDNA through the enzyme reverse transcriptase (10). 1.3 Gel Electrophoresis. F... ... middle of paper
Director Christopher Nolan′s film Memento (2000), is loosely based from the concept of a short story named Memento Mori written by his brother Jonathan. This story is about a man named Leonard Shelby who is suffering from anterograde amnesia, which is a loss of ability to create new memories after the event that caused the amnesia, leading to a partial or complete inability to recall the recent past, while long term memories from before the event remain intact. Leonard was hit over the head during
Outsourcing and offshoring are different and I will cover each. Outsourcing is taking a specific task, multiple tasks or even large projects either on a short term or long term basis and utilising an external organisation to do this work and then bill for services. A simple example is legal work. A company may outsource to a legal firm, the work of drawing up legal contracts for their resellers. The advantages can be that the legal firm specialises in this work and can hence do it more efficiently
fragile and not as easy to keep as a freshwater tank. Therefore, the marine aquarium requires a plethora of devices working together and at optimum levels to maintain a successful tank. Items like protein skimmers, ultraviolet filters, sump filters, reverse osmosis units, and even wave-makers are just a few of the devices that are required to properly maintain a marine aquarium. With the exception to a properly constructed tank, nothing is as important to the marine aquarium as the water within the
best qualified or those able to meet the necessary requirements. It can bring down performance in the workplace because the best applicant may not get hired because a quota of minorities must be met first. Another reason is that it can give rise to reverse discrimination, and it is especially alarming to white males since traditionally they dominated the workplace including management positions.