What is a reverse mortgage? Do I want one?

By Doc Schmyz

If you have already heard the term reverse mortgage, it still sounds like a strange thing. If this is the first time you are hearing the term, it will probably sound like some kind of shady deal. Reverse mortgages are becoming more and more popular these days, but are they scams or are they legitimate?Is it really possible to sell your house back to the bank and still retain the deed to it? Will the bank really pay YOU the mortgage payments? Let's review what a reverse mortgage is so these questions can be answered.

The name is somewhat misleading. A reverse mortgage is a loan that is structured like a mortgage, with YOU as the lender and the BANK as the buyer. In the U.S., homeowners wanting to initiate a reverse mortgage must be at least 62 years old, and own all or most of their home. These backwards mortgages are usually performed through a bank or broker. The homeowner essentially sells his or her house to the bank, in return for receiving periodic mortgage payments. Sometimes the payments can be structured as a lump sum, line of credit, or a combination of the three methods.

So what are the benefits to a reverse mortgage? It provides a constant and dependable stream of retirement income. Most retirement plans such as 401(K) or Individual Retirement Accounts (IRA) generally increase in value, but are still tied to stock market. The amount of money they provide during retirement can vary. A reverse mortgage can supplement a senior citizen's income. The amount depends on the homeowner's age, equity of the house, interest rate on the loan, closing fees, and a few other factors.

One very common myth about the reverse mortgage is that the bank eventually takes ownership of your house. This is not true! The deed remains in your name throughout the entire term of the process. However, interest is added to the pricipal of the loan for the life of the loan.

The homeowner can remain living in the house during the entire term of the reverse mortgage. The loan becomes due when the homeowner moves out, or becomes deceased. At those times, the survivors/heirs can repay the loan themselves if they want to keep the house. They can also sell the home and repay the loan plus the interest in full. The money paid to the homeowner as mortgage payments must be repaid to the lender when the loan becomes due.

These mortgages can provide much needed financial support during retirement. It is a time when medical costs are likely to increase, as well as unforseen costs can creep up. Use a reverse mortgage to help yourself or your aging relatives to gain the financial security in retirement that they worked so hard to achieve. - 23210

About the Author:

Doc Schmyz has invested all over the US. He built a free free website shares Real estate investing information for all over the US. Find Real estate investing information by state

Trading Without Indicators - The Steps You Need

By Peter Thomas

New forex traders may think the indicators on their charting platforms are helping, but in actuality, their trading his being restrained. Most people arent aware of this fact.

It may sound irrational and if some had mentioned this when I first began Forex Trading, I would have thought they were sabotaging my efforts.

When I began as Forex Trader, I utilized every single indicator possible. My goal was to make money in the Forex Market.

Everything I tried went wrong. I focused too much on using the indicators and learnt very little about forex market. I thought, using indicators was a short cut to become rich. That was a really big mistake.

I treated the indicators as if the numbers where some type of fortuneteller and it did not occur to me to seek out the complete market picture. I never noticed what was happening in the currency markets.

All new traders make this mistake. They should realize that a simple bar chart is all the need for technical trading. Price action is the basics of trading and as old.

Once the trader understands the movements of price, they will know how to predict where the price is headed in the future.

With all the unnecessary filler out of the way, the basic bar chart will lead you to find surprising results. - 23210

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To find out more about trading without indicators, you can visit this about the best education in forex.

Chinese Silver Dragon Coins - A Chinese Silver Icon

By Christina Goldman

For centuries, the Chinese Silver Dragon Coins has been known to be one of the oldest coins to have ever been designed, produced, and distributed throughout the country as official currency. It represents one of the few coins in which people identified China and its flourishing economy with, being one of the first few silver coins to have ever been produced back in 1889.

This was when the 1st modern coining press was introduced and imported into China and from there the coins were circulated and had the value of 7 Mace and 2 Candareens. These two values were what the people then began using as standard units for silver, which were measurable by weight.

It's important that you remember the different characteristics of these silver coins, if you are going to look for an authentic Chinese Silver Dragon Coin. A real Chinese silver dragon coin would routinely have a quantity of 0.78 oz of silver with a weight measurement of 27.4 grams.

The design encompasses a Chinese dragon engraved in the center with the words 7 Mace and 2 Candareens at the bottom of the image. On top of the dragon is the Hu-Peh Province, which most historians believed to be the place where the coins were made. These coins were circulated between 1898 and 1905 and were popularly known as Kiang-Nan bucks and would usually cost many hundred greenbacks when purchased from a credible coin dealer or collector.

Because of their magnificient history, these coins are bound to produce fakes in the numerous markets around China as well as around the planet. The cost of fake coins would usually range between three RMB to US $10-15 when bought through an internet auction site, for instance. If it's the true Chinese Silver Dragon Coin that you are looking for, another way to judge the authenticity is the crude weight, which is usually heavy. - 23210

About the Author:

You can find great selection and fabulous prices on the historic Chinese Silver Dragon Coins at: ChineseSilverCoins.com

Finding the Best Forex Trading Robots on the Web

By John Dean

Getting into online forex can really be risky, most especially if this is your first time. It will be better for you to try some tools that can help you out with your venture. You can get these tools on the net. Just make sure that you examine them carefully before deciding which of them you would avail. It?s either you get something which will not work for you or worse, you might get scammed.

Nonetheless, what is a forex trading robot? It is actually a type of software which is connected to your trading platform. A set of rules has been coded into the robot by a programmer, allowing the trading robot to automatically trade of you.

The best forex trading robots will manage your online forex business for you. Even when you do not check your transactions too often, you can rest assured that it is doing its job, as it is designed to work automatically.

As much as possible, do not launch the robot officially when you are still not familiar with it. Try out a demo first where you will be allowed to transact with it using virtual money. This is just to allow you to see how it works first. You will need to sign up for a demo account if you want to be able to do it.

If you are eyeing something which you think is the best forex trading robot, do not just give into your instinct. Check it first and try it out. Some products have great ads but once you?ve tried them, you will know that they are not the ones they are claiming to be.

Aside from the product itself, it is also important to take a look at the manufacturer. A credible creator plays an important role. A reputable manufacturer comes up with reputable products. For this reason, try a software which is created by a company that has a good name in the industry. There are usually lots of testimonials and reviews on the internet that you can refer to if you want to know what people are saying about a forex robot.

Another thing that you should consider if you want to get the best forex trading robot is if the product has a money back guarantee. Settle only for an offer that provides this type of service. It is not advisable to go for a seller that does not offer this type of guarantee.

Click on my web linker if you want to know where the best forex trading robots are. - 23210

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Find out how forex expert advisors recommended by forex traders fare in comparison.

Forex Trading Robots, Great Profit Identifiers

By John Eather

Robot details: All that a forex trading robot really is, is a program setup and by major forex market player. The robot merely checks for short-term investments in foreign currency with the best returns and least risk for you, the investor. Portfolio diversification can be done by using the robot in conjunction with other forex managed accounts.

Transacting: Firstly the robot analyses charts and numbers information available for the most liquid currencies worldwide. Upon identification the robot will execute a trade at incredible speed and accuracy with zero emotional influence. However the robot should not be seen as instant money maker as market are mainly influenced by human behaviour always being unpredictable and not by number and mathematical analysis conducted by the robot to determine trading.

Highly recommended: The robot is highly recommended as it reduces risk significantly. A number of strategies and markets can also be traded at a time. No more lost trade opportunities, with fast and correct trade execution. Time and money no longer wasted with super ease of use.

Who will benefit?: Forex and intro brokers, managed account investors, ex traders, existing traders craving capital diversification, traders afraid to manage own capital and institutions seeking other investment options.

Advantages: Advantages are constant operation and monitoring so you don't have to keep tabs on the accounts day and night, capital diversifications tools making options other than stocks, mutual funds, real estate and bonds available to investors as well as a very low minimum investment of approximately US Dollars 1000.00 for the program.

Traits: The robot has programs for both short-term opportunity analysis as well as advanced trading, using complicated mathematical formulas to determine maximum profits and minimum risk.

Performance possibilities: Clients have reported a monthly return of up to 30% per month on US Dollars 10,000.00. - 23210

About the Author:

Be certain to check out John Eather's informative ecourse and reports on Trading Forex Online. Receive the most recent information concerning forex trading. Go to MoneyMakingFxTrader.com for more details.