Keith Hunt asked:


Reverse mortgages are becoming extremely popular with seniors in California since the U.S. Department of Housing and Urban Development (HUD) created one of the first.

A California reverse home mortgage allows older Americans to supplement social security, meet unexpected medical expenses, make home improvements, and more.

A reverse mortgage allows the homeowner to convert a portion of the home equity into cash. Unlike a traditional home equity loan (HELOC) or second mortgage, repayment is not required until the borrower no longer uses the home as a principal residence.

To be eligible the borrower must be at least 62 years old; own the home and have a low mortgage balance that can be paid off at closing with proceeds from the California reverse mortgage loan, and must live in the home.

With a traditional second mortgage loan, or a California home equity line of credit (HELOC), there must be sufficient income versus debt ratio to qualify for the loan, and monthly mortgage payments are required.

The California reverse mortgage loan is different in that it pays the homeowner, and is available regardless of current income.

The reverse mortgage loan amount depends on borrower’s age, current interest rate, other loan fees, and the appraisal value.

The loan is not repayable as long as one of the borrowers continues to live in the house and keeps the taxes and insurance current.

If the home is sold or no longer used as a primary residence, the homeowner or the estate repays the reverse mortgage, plus interest and other fees, to the reverse mortgage lender.

The remaining home equity belongs to homeowner or heirs. No other assets will be affected by a California reverse mortgage loan and the debt will never be passed along to the estate or heirs.

For more information on a California reverse home mortgage loan call Goldmedalmortgage.com at 866 398 4664 or go to

Jennifer Alinio asked:


There is a saying that health is wealth. But life is unpredictable, full of twist and turns and if you do not plan ahead it can spell disaster for your personal well-being and your budget. So having a Medicare Prescription Drug Coverage is vital to wellness and peace of mind.

Imagine yourself as a Senior citizen and you were driving along in a familiar street, enjoying the summer air floating inside your car; it seems like a perfect day as you passed by beautiful houses and happy looking people. Suddenly a sharp pain was felt in your chest. You become dizzy, your vision becomes blurred, and you can’t even remember if you managed to stop the car.

You woke up inside a hospital. The joyous feeling was replaced by fear. Somewhere along the way, you discovered a part of you is missing. You just had a heart attack! But you thought it would not happen to you. You were after all, can be considered a health conscious elderly. Worst! What ever pain that ails you, it becomes intense as you think about the hospital bills and the drug expenses.

That is why having Medicare prescription drug coverage is as important to any individual because not having any health care coverage at all can be a drain in the Family’s pocket. Since January 2006, voluntary outpatient prescription drug benefit took effect. It is available to millions of elderly and disabled beneficiaries who enroll in private plans approved by Medicare to offer coverage. Medicaid is now being replaced by Medicare as the primary source of doing coverage for disabled and low-income people.

There are two types of Medicare Prescription Drug Plans:

A) Stand-alone prescription drug plans (PDP) for people getting other Medicare benefits like the fee-service program.

B) Medicare advantage prescription drug (MA-PD) plans, such as HMO’s or PPO’s that cover drugs and other Medicare benefits.

Medicare Prescription Drug covers for the payment for both generic and brand named drugs; it also offers a choice of plans to Medicare Beneficiaries. There are four ways that Medicare Drug plans may require you to pay your share and these are:

1.Premium

2.Deductible

3.Copay

4.Coinsurance

Cost will vary depending on which plan you choose. There are some people that can qualify for extra help paying for their cost. You can also contact the Social Security Administration should you think you are not qualifying for extra help.

Most Medicare drug plans require that you used a pharmacy. It has a list of pharmacies called the “Pharmacy Network” on which you can used to get your prescription filled. While the start of 2006 is a very good year for Seniors without coverage that can now avail of the Medicare approved plan that would cut their yearly drug cost in half, in return for a $35 monthly premium while low-income Seniors will received additional help from a $600 annual subsidy.

But before getting a plan, figure out first what plan is best for you that give overall value. Consider the cost coverage, and convenience. Determine if you went a higher monthly premium, but a lower copay or coinsurance on each prescription or pay a higher copay or coinsurance on each prescription but for a lower premium.

What ever you decide, regardless of your income, illness or status everyone needs a Medicare Prescription Drug plan, it offers savings and it will ease the burden on your family expensive cost of drugs out in the market today. So do plan your health needs. It’s one of your best investments which help you be prepared for unexpected medical expenses.

Olivia Stop global warming now asked:


We need a grandjury investigation of the deliberate intimidation of certain caucasion senior tenants who follow all the rules of their leases, while others break all the rules, harass others with managements okay.

Michael Branson asked:


What better day to talk about obtaining your financial independence than on Independence Day?! I don’t think our forefathers ever considered the right to a reverse mortgage when framing the Bill of Rights and our Constitution, but ever since 1988 when Ronald Reagan signed the bill authorizing the Department of Housing and Urban Development (HUD) to insure Reverse Mortgages through the Federal Housing Authority (FHA), hundreds of thousands of senior homeowners age 62 and over have gained their financial independence.

Many senior homeowners feel like they’ve lost their independence to the high cost of living on a fixed income. Even those who planned carefully are finding that the pension and savings they thought would carry them through their retirement years just didn’t do all they thought they would, the social security benefits didn’t keep pace with the cost of living increases, the decrease of income due to the loss of a spouse or any number of other circumstances has made them dependent on others or they have been watching their savings dwindle.

Some have been lured into risky loan products such as negatively amortizing adjustable rate mortgages at the promise of low initial payments only to find that they could not afford those payments as they went up later, risking their homes to foreclosure. For these senior homeowners, reverse mortgages may be their path to financial independence.

A Reverse Mortgage helps the homeowner age 62 and over access the equity in their home by taking that equity, tax free, to use in any manner they so choose. If there is currently a mortgage on the property that is a struggle for the borrower, if the borrower qualifies for enough money, the reverse mortgage would pay off that debt and the borrower would never make another mortgage payment for as long as he/she lived in the home.

In many instances, we see borrowers qualifying for enough money to pay off existing liens plus either receive a monthly payment for the rest of their life, get money for any purpose they choose (repair their home, medical needs, travel, payoff other debts to ease their cash flow, help educational needs of family or any other purpose the borrower chooses) or even a combination of these options.

The Reverse Mortgage gives borrowers the independence to live in dignity and in place, in the home they love, without the strain and hardship of a mortgage payment.

If you or a loved one, age 62 or over are a homeowner who is currently struggling to make ends meet each month, are spending what should be the best years of your life a prisoner in your own home because you feel like you just don’t have any breathing room or you or a loved one are in a mortgage that is delinquent or in danger of becoming delinquent because the costs of living have just risen too much for your income, then you owe it to yourself or that loved one to make this July 4th a real Independence Day and check out the possibility of a Reverse Mortgage and how it can bring financial independence into the lives of our most cherished citizens.

Ruthie4d asked:


In or around Sonora Calif