Reverse mortgages are a valuable loan option, especially for retirees. But, they can also be dangerous and put people at risk of being homeless. So, before deciding to apply for a reverse mortgage, it is essential to understand what it entails and what the terms and conditions are.
How a reverse mortgage program works
In the case of a regular mortgage, a borrower pays the lender a certain amount of money monthly as repayment for the home loan. In the reverse mortgage, however, lenders allow borrowers to convert their home equity into cash with no monthly repayment. This loaned money is tax-free and the borrower can live in the home for as long as they want. In case the borrower dies, their survivors or estate has to pay back the loan. This could mean that the survivors have to sell the house to repay the loan.
There are three types of reverse mortgages:
- Single-purpose mortgages (offered by non-profit organizations, as well as some state and federal agencies)
- Proprietary reverse mortgages (offered by private lenders)
- Federally-insured ones, also known as Home Equity Conversion Mortgages (HECM)
Regardless of which one you get, the lender will give a loan amount against the equity of your home and let you keep the home title. But here are a few other things you need to consider before finally signing up for a reverse mortgage program:
- Fees: Just like other conventional loans, lenders charge origination and closing costs. They may also include service charges, which are all collected over the life of the loan.
- Increasing balances: As the money is disbursed, interest charges are tacked on to the balance owed. Interest rates can also change as reverse mortgages are tied to a variable financial index.
- Tax deduction: Interests incurred on a reverse mortgage is not deductible on income tax returns until the borrower pays the loan.
- Other costs: Since the borrower owns the title of the home, he or she is responsible for utilities, insurance, home maintenance, and property taxes.
- Spouse and heirs: In most cases, the borrower’s spouse can continue living in the house after the borrower dies. The spouse, however, will not get loan disbursements and the heirs will not get any part of the estate unless they pay off the loan.
Borrowers have to be careful and consider all options before applying for a reverse mortgage. If any of the costs or features of a reverse mortgage program are not clear for you, walk away. After loan closing, you only have three days to consider your other options and cancel.
Don’t throw away those old nails and screws. Rather, collect and sell them to scrap metal buyers so you can earn some cash with your trash. Here are other ways on how you can make money from the used stuff you have been throwing away.
Sell your metal scraps
Don’t be too quick to throw away that broken door knob. Do you know that you can get some extra cash if you sell them to scrap metal buyers such as Metal Salvage Services Ltd? If you have some broken lamps, old shovels, batteries, old pet cages, nails, screws, old toasters and other equipment made of metal, sell them to scrap metal companies.
You may also include old television sets, computers and gadgets such as smartphones and tablets. Instead of throwing them away, sell them and make extra cash for your trash.
Sell your cardboard boxes
Is your garage full of cardboard boxes from television sets, vacuum cleaners and other things you bought throughout the years? Don’t be quick to throw them out either; they are very much recyclable. You can always reuse them for storage and even moving out, but if you would rather not, there are some institutions that can buy those cardboard boxes from you.
Sell your collection of wine corks
Do you fancy a glass of wine with most meals? If you do, you might be glad to know that there are groups online that would willingly pay you for your collection of used wine corks.
If you enjoy arts and crafts, you may use them to make DIY projects like a cork-board for the kitchen or the study. You can clean them, turn them into unique décor or features and sell those as well. Whichever you choose, you can surely earn some money from used wine corks.
Look Around Your House for More Unused Items to Sell
Chances are high that you have a lot more unused items at home that you can turn into cash. Purge and collect — you never know what other rubbish you can sell.
You can characterize binge eating disorder by frequent consumption of abnormally high amounts of food with an inability to control your urge to eat. What follows these episodes is an overwhelming guilt and shame that overpower your mindset during your daily activities.
Binge eating is a pathological behavior that results to serious complications if left untreated.
Hypertension is the single most common risk factor for developing life-threatening diseases such as heart disease, stroke, and kidney failure. This occurs because high levels of sodium and other solutes present in food will pull fluids into the circulation.
As a result, blood volume increases, which results in an inability of vessels to compensate and support proper blood flow. Hence, psychiatrists strongly recommend early treatment for eating disorders in Kansas, such as in institutions like EDCare, to lessen the complications of high blood pressure.
The gallbladder is a digestive organ that stores bile, which is responsible for the breakdown of fatty acids. Due to frequent food intake, your gallbladder fails to adapt to the excessive fats that enter the gastrointestinal tract.
Eventually, you become at risk for gallstone formation, a condition that may necessitate total removal of this digestive organ.
Lack of Confidence
Binge eating has a significant psychological impact among women, especially adolescents and young adults. You may lose trust and faith in yourself to regulate your intake as soon as you start eating.
Studies show that inability to control your eating for several months results to increased suicidal thoughts. Despite constant dissatisfaction about your body image, the failure to do something about it hampers you.
You also have a higher risk of developing other co-morbid conditions such as generalized anxiety disorder and substance abuse.
Patients with binge eating disorders develop systemic organ damage at an early age. Statistics show that men and women who eat uncontrollably have a higher morbidity and mortality rate. Thus, it is crucial to undergo treatment programs that will end the vicious cycle of eating, shame, and guilt.
Taking care of your pearly whites does more than just ensure you have a brighter smile. In fact, scientists are finding more evidence that proves the phrase “Healthy mouth, healthy you.” With good oral hygiene, you can improve your overall health for the years to come.
Dental clinics like leesburgdentist.com agree that maintaining proper oral care is necessary, and reminds patients that overall health is connected to the proper care of their teeth and gums. So, don’t shrug off good dental habits; they are, after all, linked to one’s overall wellness.
Improved Self-Esteem and Confidence
Through routine visits to the dentist, you can maintain a healthy mouth free of gum disease and cavities. Having decayed teeth or cavities could lead to bad breath, which could, in turn, affect your self-esteem. By maintaining good oral hygiene, you can smile with confidence and enjoy better sleep patterns without distractions from toothaches or mouth infections.
A Lower Risk of Joint Inflammation
Research shows the relationship between gum disease and the development of rheumatoid arthritis. The autoimmune disease often leads to the swelling of the joints, so by following a healthy diet and seeing a dentist regularly, one may keep the risks of heart and gum disease at bay.
Better Memory Function
A study published in the Journal of Neurology, Neurosurgery, and Psychiatry reports that adults with gingivitis had lower test scores than their counterparts with healthier teeth and gums. In fact, the researchers of the study reveal that patients with poor oral health had lower scores on verbal recall and subtraction: two essential skills for everyday life. So, keep your memory sharp by taking care of your mouth.
Practicing proper dental care is essential for a better quality of life. By establishing good hygiene habits, you can preserve the beauty of your pearly whites as well as live a healthier life.
Mirrors are must-haves in your bedroom and bathrooms. But do you know that there are many surprising benefits of decorating your homes with mirrors?
Here are some of them. Consider these benefits if you are planning to talk to a reputable installation firm such as Auckland Glass Ltd and add more mirrors in your Auckland home.
Mirrors in Your Living Room
If you have a mirror in your living that reflects through a window, it can bring about positive energy to your home. You can even use mirrors to brighten up space instead of lights, which can aid in lowering your electricity costs. This is also a great way to bring about and maximise the natural light.
Mirrors All Over the House
The most obvious reason for placing a mirror in every room is to be able to check yourself anywhere. So do not limit yourself to putting mirrors solely in the bedrooms or baths. Moreover, if you have guests coming over, they will not have to ask to visit your room or baths just to use the mirror.
Mirrors Can Make up for Lack of DecorationIf you have a blank wall that needs decorating, you can either spend money on procuring works of art to place on your walls or go the easy route and just install a full-length mirror. Best of all, nobody would think you do not have the budget to get some proper decoration.
These benefits may seem simple, but they make all the difference if you want to be mindful and economical about your home decoration. Additionally, mirrors are easy to clean and maintain compared to other wall decorations.
So if you are in the process of adding some simple home decors, consider adding mirrors in every room in the house and let the positive energy infiltrate your home.
Wedding day mostly happens once in your life, so many say it is okay to splurge. While you can do so with extra budget, it is not practical. This is especially true if you or soon-to-be spouse will need to take on a big debt or borrow money from friends and families. The good news is, you can have a nice wedding without breaking the bank.
While you will need to buy and plan for a lot of things, saving opportunities are always available. The idea is to set a realistic budget for food, venue, dress, photo, transportation, and other essentials. Event planners in Tauranga share a few ideas on saving on your wedding expenses.
Cut Down the Guest List
You don’t have to invite all the people you know, especially those you haven’t to talk to in years. Close family members and friends who know you and your partner should be your priority. Wedding car hire companies in Tauranga note this can help save you on transportation, particularly if you’d like to make arrangements for VIP guests or hire a limo. This also helps you save on food and other essentials.
Choose a Furnished Venue
A wedding location that is already decorated or furnished can help you save on decorations or flowers. You can choose beautifully furnished event hall or a house or hold the wedding in the garden museum. If your big day has a theme, you don’t have to go overboard on decorations. When it comes to flowers, stick to one or two types or pick those that are in season.
Pick the Right Dress
Looking beautiful on the big day doesn’t mean ruining your purse or buying an expensive dress. Many bridal gown salons today offer affordable dresses or hold annual sales. Note that you don’t need an overly dramatic dress to get all guests’ attention. Choose a reasonably priced dress that flatters your figure and add other sparkly pieces to your outfit.
Be Wise about Entertainment
A smaller band is often enough to provide music and entertainment for the event. It is also advisable to hire a band or wedding singer who performs both at the ceremony and reception. When it comes to videos and photographs, choose a lesser-known photographer who has experience in covering a wedding. You can talk to recently married couples and ask for suggestions.
These are only some ways to cut your wedding cost. Look for other opportunities like having a two-tier simple cake instead of a five-tier dessert covered in crystals or pearls. You can spend more on other things, but it best to set a realistic budget.
Many people stick with one job for life, finding contentment in what they do every day and happiness in their overall career. There are also several who jump from one employer to another. This is because, while there is nothing wrong with being an employee, working for someone else can become tiring.
When you’re employed, you are always answerable to somebody. Also, apart from the increases and bonuses, which may not often come, you have virtually no chance of earning much more than what you’re paid for the level of effort that you put in.
Like many women around the world, you’ve probably had it with being a worker bee. You want to start your own business, but you know very little about the ins and outs of doing so. Here are some pieces of advice that might help you with becoming an entrepreneur:
Make a Decision
This is where it all begins. If you can’t stick with a job that you don’t like or work with people you can’t stand, instead of blaming your job, your boss, your colleagues, or your luck, make a decision about what you want to do. Will you stay or will you go? Take that leap of faith first, or you will never get anywhere.
Choose a Business You Like
Ask yourself what kind of business will make you happy or, at least, won’t drive you nuts. Here are three ways to make your choice:
- Do what you already know. It’s a safe decision to start a business in which you already have experience. In so doing, you only continue performing tasks you are familiar with and already have basic knowledge of, reducing your potential risks.
- Do what you want. Go for a business you are passionate with, something that gives you fulfillment. If you want to pursue a product or service but you know little about it, explore and learn. You can go back to school or go over online tutorials. Read women’s business publications, books about the business, or stories of entrepreneurs who have been successful in the same niche. Interview some of them, if you can.
- Answer a need. Many successful businesses were born out of need, or the lack of a service that is in demand. Find out what people want but can’t get. Alternatively, if they can get it, is the source good enough? Can you do better?
Plan Your Business
Without business planning, you are likely to find it harder to succeed. Write a proper business plan. You can find business plan templates online from which you may get ideas. With a plan of activities, you can identify your target market, the capital you need, possible sources of money, potential investors, and other important details.
You may hire someone to help you with the initial stages of your business, or partner with an individual who has the money to fund your project. Whatever you do, try not to do it alone. The bigger your network is, the better, as well. However, mind with whom you do business. You don’t want to make a costly mistake trusting somebody who might become the source of your problems later on.
Are you wondering if you can survive being your own boss rather than working for someone else? Of course, you can! It takes guts, knowledge, hard work, and whatever support you can get. However, when you finally succeed, you will see it’s all worth the effort.
Getting perfect teeth is no longer the trend when it comes to beauty. Cosmetic dentistry continues to be a big thing, but the goal is not the same anymore. Most people opt for a more natural looking set. This means most people would still want to get their teeth fixed but not so much that it looks unnatural. This may also stem from a stigma against people who decide to improve their appearance. Sometimes, going for too perfect makes an eyesore.
The foundation for any cosmetic procedure is not just to improve your looks, but also to activate your teeth’s proper function. Here are some ways you can have your teeth fixed but keeping its look just as natural.
The Colour of Veneers
If you plan on going for porcelain veneers in Birmingham, be careful in choosing the shade your veneers will come in. The key to getting a natural shade for your teeth is to compare it with the white of your eyes. In photographs, it is much easier to see if your teeth are whiter or darker because of your eyes. Choosing a shade too white makes it apparent that you had porcelain veneers. When something is too much of one shade, it can be distracting instead of attractive.
Minding the Gaps
While veneers can also fix gaps between your teeth, the more common solution is to get braces. Some people may intend to keep them because it is part of what makes them unique. Others may see them as a distraction when you smile. The instant solution to fix small gaps is to have veneers. If you choose to keep your teeth looking natural, traditional braces are the answer.
Trends come and go; what is important is that you find a solution to what you perceive as a problem. Remember, too much of perfection can make you lose your uniqueness. Get a smile that defines who you are.
The proper disposal of waste is a major concern — not just in the UK but also in other areas of the globe. People are now more aware of the damage brought on by improper management of waste, in fact. Apart from making the general population aware of the consequences of their actions, authorities have put waste management regulations in place. Failure to comply with them can lead to huge fines. So, keep these things in mind when disposing of your waste to avoid being penalised.
Refrain from Disposing Waste in Sewer Systems
Although the rule is very easy to follow, many businesses and households continue to dispose of their waste in the sewer because it’s convenient. Throwing away waste, especially hazardous waste, is a violation that can cost you much. Technological advancements have made it possible to find out the originator of the waste, after all. You can face a high fine if it’s proven that you were the source of the waste.
Separate Recyclable, Non-Recyclable and Hazardous Waste
Instead of just clumping all the rubbish in one plastic bag, it is always a good idea to separate waste into three groups: recyclable, non-recyclable and hazardous waste. If you’re not sure what to do with non-recyclable or general waste, look for waste collection companies like LKM that specialise in handling this type of material.
Furthermore, the proper separation of waste helps waste collectors do their job properly, as they can easily manage and sort out the wastes for recycling. Moreover, separating hazardous waste from non-hazardous ones will prevent any possible dangerous chemical explosion or reaction.
Cover Waste Containers
Keeping waste bins covered at all times will prevent spillage. Moreover, it will keep a foul odour from emanating out of the bin. When collection time comes, waste collection professionals could simply haul away the containers.
Proper waste disposal, separation and containment are keys to avoiding waste management fines. More than that, it also keeps the environment healthy.
Landscapes in commercial settings usually just provide further decoration to an area. The green serves as a break from the gray shades of concrete and steel and also provides fresh air to workers. Commercial landscapes, however, are looking to make practical use of the background plant life to make it a source of sustenance.
Some hotels across the globe are starting to integrate edible landscapes in their operations. They achieve this by planting herbs, vegetables, and fruit trees instead of plant species chosen only for their ornamental features. Ace Hotel’s Palm Springs site, for example, grows their own lime trees for cocktails and the occasional pesto. There’s also a community in Houston that’s taking urban agriculture to the next level.
While edible landscapes can pave the way to sustainable tourism, is the practice worth developing?
Maintenance Might be a Challenge
Keeping the produce healthy requires regular attention and care. You should also keep vermin off the fruits and vegetables. This doesn’t only ensure that you get to harvest the entire crop; it also guarantees that the produce is safe to eat.
The hotel management should be aware of the level of care edible landscape requires and remember that specific persons should be responsible for the greens.
It Promotes Good Public Relations
Internationally renowned design and architecture firm mpfp.com seeks landscapes around the world to not only facilitate discovery and illuminate natural phenomena, but enhance social relationships, as well. An edible landscape achieves this and more by promoting good public relations.
Clients may find the novelty interesting, and it’ll attract them to your hotel, therefore increasing revenue. The hotel’s branding will also gain a lot from maintaining an edible landscape. It promotes responsible management and shows the public that your hotel is an advocate of sustainable tourism.
The prospect of setting up a sustainable landscape in a hotel setting is very appealing. You should be aware, however, that maintaining it might be more challenging than you think.