Designed to help home owners above the age of 62 to gain surplus cash to meet their financial needs, a reverse mortgage is highly advantageous. For seniors who want to make use of their primary property to enhance their retirement income, a reverse mortgage is the best option because there are no monthly payments to be made.
A few conditions that have to be met to qualify for this type of loan are as follows:
- Continuing to live on the property that you own and mortgage, and maintaining it in a satisfactory liveable condition by attending to its upkeep is a prerequisite.
- Paying taxes and insurances for it is insisted upon till the end of the loan period.
- Delinquency and bankruptcy is frowned upon and can lead to non-qualification or cancellation of the loan, and cause seizure of the pledged property.
- Participation in free consumer information sessions conducted by the US HUD-approved home equity conversion mortgage counselors is recommended to understand the concept, advantages, and stipulations of reverse mortgages. These counselors ascertain if this loan is appropriate for your financial needs and the sessions help you understand how the loan operates. They also advise about other possible loan choices that are available, to help you make an informed decision.
Reverse mortgages enable borrowers to fund various expenses, and these tax-free loans are useful to those who have a fixed income post retirement and wish to build upon it.
Reverse mortgage loan calculators determine your eligibility and the amount you may qualify to receive. Being of considerable size and in an upmarket location, and depending on the equity of the home, your age (older home owners get more eligibility) and with lower interest rates, reverse mortgage loan amounts could be higher.
Simply fill information in online reverse mortgage calculators to get an estimation of the direct costs involved, the total income you may receive from these loans, the net principal limit, the amount of income that could be received as tenure and term payments both monthly and annually, all conveniently at the click of a button.
4 credit card processing services tailormade for small businessesRead more
Credit card processing appears to be an easy process, wherein a card is swiped on the machine and an immediate deduction reflects on the buyer’s account. However, there are several more parties involved in this transaction apart from the consumer, the seller, and the bank. There are also credit card processing services that enable the transaction to take place. The payment of funds is a wireless transaction that is conducted between a consumer, the merchant (seller) who processes the transaction, and a catalyst (processing services) that brings about the transaction.
The transaction occurs when card details flow through the vendor’s processing company and through the credit card networks which connect to the cardholder’s bank. The payment is then processed depending upon the bank’s approval or denial.
Top credit card processing services
Below are our recommendations for the best credit card processing services that are transparent, have fair pricing, and provide excellent solutions.
PayPal does not charge any extra or surprise fees such as installation, compliance, and monthly maintenance. The charges made to you wholly depend on the number of transactions that take place through PayPal.
While PayPal charges less for transactions that process through the platform, various added features are locked and can only be utilized when the specified fees to acquire the feature is paid.
Helcim has charted out the exact cost and pricing of their services on their website. Training guidelines are also available for newcomers. They also accept all credit cards that are extensively used. Helcim also provides excellent customer service.
Helcim is not recommended for small-time vendors who have small transactions and low revenue.
Square follows a flat-fee system, which is ideal for small vendors thanks to its affordability. The pricing structure is very transparent and available on their website.
The gateway may be affordable as it follows a standardized pricing system for all its customers. However, it may be expensive for big businesses. There have been complaints of accounts being shut down or frozen over dubious fraudulent activities.
There are no cancellation fees levied by this credit card processing company.
Unlike the above-mentioned credit card processing companies, CreditcardProccessing is not as clear with respect to its pricing structure. This is because prices vary depending on the equipment used for processing the payment.
Emphysema symptoms: What you ought to knowRead more
Emphysema is caused by continuous exposure of the bronchioles to irritants such as cigarette smoke, passive smoke, industrial solvent fumes etc. This makes the muscles of the bronchioles contract. Chronic exposure to irritants make these muscles contract permanently. Then, the mucus membrane lining the bronchioles start secreting mucus in order to wash away particulate irritants. Both these body reactions are to restrict the entry of the irritants into the cavities of the bronchioles and alveoli.
The next reaction is to cough out the irritants and the mucus. Severe forceful coughs can raise the pressure in the alveoli considerably and can rupture their exceedingly thin walls. The reduction of area for gas transfer and the loss of elastic tissues in the lungs reduces the capacity of the lungs to expel air. This reduces the intake volume of fresh air during breathing and can also lead to infections. These conditions produce the characteristic symptoms of wheezing, tightness in chest, labored breathing and coughing. These are also indications as well as symptoms of severe asthma.
The symptoms of emphysema are exceedingly severe and cause considerable damage to the lungs before the symptoms even show up. Generally, one feels a lack of energy and the tendency to skip some of the common daily routines. It progresses from slight difficulty in breathing to wheezing and then to a persistent cough that does not go away. One starts to feel a tightness in the chest and feels short of breath on exertion. Tiredness and persistent cough become constant.
Infections can set in, turning the sputum yellow, which also leads to loss of appetite, further aggravating tiredness. One will lose sleep and even sexual function. All this constant suffering and ill health lead to depression which would in turn lead to the patient needing psychiatric help. The lips and fingernails turn blue or gray due to lack of oxygen in the blood. One may get into a condition called hypoxia and may have to resort to oxygen therapy.
As the deterioration continues, the alveoli lose their strength and start rupturing. In extreme cases, there may be large scale destruction which leads to empty spaces in lungs called bullae. This would reduce the functional area of the lung which in extreme cases call for surgical removal. In an extremely rare condition, large scale rupture of alveoli can cause a condition called pneumothorax and the collapse of the lung, a very serious condition, which can be fatal. The best thing one can do is stop exposure to irritants.