Commercial Mortgage Lender William
Commercial Mortgage LenderForum Replies Created
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Used to love to read until YouTube and social media became the new norm.
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Had the ruler too. Not a nun.
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Silver price today per ounce sure broke the $30.00 per ounce resistance. Nice run. Excited where Silver Gold is going to charge to.
https://www.herobullion.com/spot-silver-price/
herobullion.com
Spot Silver Price Today - Hero Bullion
Need to know the spot silver price today? Hero Bullion offers up to the second charts and data with accurate spot price of silver feeds.
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Great authentic Mexican cuisine
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A reverse mortgage is a type of loan that allows homeowners aged 62 and older to access a portion of their home’s equity as a lump sum, line of credit, or stream of monthly payments. Here’s how reverse mortgages generally work:
- Eligibility: To qualify for a reverse mortgage, the borrower must be 62 or older, own their home outright or have a low remaining mortgage balance, and the home must be their primary residence.
- Loan Amount: The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home. Generally, the older you are and the more valuable your home, the more you can borrow.
- Non-Recourse Loan: Reverse mortgages are non-recourse loans, meaning the lender can’t pursue other assets if the loan balance exceeds the home’s value when it’s time to repay.
- Interest and Fees: Like regular mortgages, reverse mortgages accrue interest over time. There are also upfront costs like origination fees, mortgage insurance premiums, and closing costs.
- No Monthly Payments: Unlike traditional mortgages, borrowers don’t make monthly payments on a reverse mortgage. Instead, the loan balance grows over time as interest and fees accumulate.
- Repayment: The loan, including accrued interest and fees, becomes due and payable when the last surviving borrower dies, sells the home, or moves out for 12 consecutive months. Heirs can choose to repay the loan and keep the home or sell the home to settle the debt.
- Remaining Equity: If the loan balance exceeds the home’s value when repaid, the lender can’t seek further payment from the borrower or heirs due to the non-recourse feature. Any remaining home equity after repaying the loan goes to the borrower or heirs.
Reverse mortgages can provide much-needed cash flow for seniors but reduce the equity they can pass on to heirs. It’s crucial to understand the costs, requirements, and potential impact on Medicaid eligibility before obtaining a reverse mortgage.
https://gustancho.com/fha-reverse-mortgages/
gustancho.com
FHA Reverse Mortgages For Senior Homeowners
FHA Reverse Mortgages are FHA loans for seniors who have equity in their homes. They can get cash-out refinance with no longer make payments
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There are pros and cons to the United States buying gold and silver as a way to potentially hedge against inflation or currency devaluation risks related to its deficit and money printing policies. Here’s a more balanced perspective:
Potential Benefits:
Gold and silver are traditionally viewed as safe-haven assets that can hold their value during times of economic turmoil or high inflation.
Building up precious metal reserves could provide a hedge against a declining U.S. dollar if its status as the world’s reserve currency is threatened.
The finite supply of gold and silver means their value is less susceptible to being inflated away compared to fiat currencies.
Potential Drawbacks:
The upfront costs of buying large amounts of gold and silver would be extremely high for the U.S. government given their currently elevated prices.
Storage and security costs for billion-dollar bullion stockpiles are non-trivial ongoing expenses.
Precious metals are non-productive assets that don’t generate returns like bonds or equities over time.
The U.S. dollar remains the world’s most trusted reserve currency, making a big precious metals stockpile arguably redundant.
More moderate inflation is actually the Fed’s policy target right now, not deflation.
On balance, most mainstream economists don’t recommend nation-states tie up too many assets in gold/silver as an hedge. More traditional approaches like controlling spending, raising taxes, or issuing new debt are more common for managing high deficits and inflation risks.
Reasonable people can disagree on this topic. But the U.S. already owns over $500 billion worth of gold bullion reserves dating back to the gold standard era. A measured approach supplementing that gradually if risks materialize may strike the right balance without going overboard on precious metals. But it’s a nuanced policy decision.
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This reply was modified 11 months, 1 week ago by William.
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This reply was modified 11 months, 1 week ago by
Sapna Sharma.
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This reply was modified 11 months, 1 week ago by Sapna Sharma.
rumble.com
Understanding Gold, Silver, and Bitcoin as Investments - Robert Kiyosaki, Andy Schectman
In this episode, Robert Kiyosaki expresses his concern over the declining value of the U.S. dollar, citing rampant debt and irresponsible financial policies as the primary reasons. Kiyosaki dives into
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This reply was modified 11 months, 1 week ago by
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I have been watching the price of gold and silver and I think I am going to buy some silver bars as recommended this week.
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Holy shit. I knew it. I just knew it.
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Tucker Carlson interviews Chris Cuomo Part II