Curved Stairway Lifts for Chairs

Most of the mobility impaired or those with limited mobility face the problem of accessing the rooms that are on other floors as they are unable to climb stairs. If they live alone, the problem increases and the dependence on family members, caregivers or friends renders them unable to enjoy the pleasures of independent movement in their own house. Though the inability to climb stairs may stem from old age, illness, impaired balance or physical disability, the best solution lies in the fact that stairlifts can be installed for hassle free movement.

Stairlifts evolved as a medium to facilitate free movement of those suffering from limited mobility and if you are looking to get a stairlift installed for your own self or a loved one, there are a multitude of companies with a wide price range to suit every budget.

Stair chair lifts are safe and easy to operate for transportation up and down the staircase at any time without any help. Generally, there are two types of stairlifts that are available- Curved and Straight. The curved stairlifts are customized as per your curved staircase and may need a few days for installation, after the representative has taken the complete information but straight stairlifts can be installed within a few hours as they are made to standard size.

Additionally, curved stairlifts are more expensive as they are customized as per your stairs bends and twists while straight ones are attached to a track and are used for standard staircases. However, if you have a particular budget to adhere to, you can even try looking for a suitable refurbished model from a reputed dealer or can rent one if you need it temporarily. Most stairlifts have AC power but many come with a DC power or battery pack that needs to be charged but work well in case of power outages.


Build Your Retirement Nest Egg With These Top Tips And Advice

Preparing for retirement can be a daunting task, no matter your background or financial situation. The best way to really plan for the years ahead is to gain a good amount of education on what to expect. By reading the article that follows, you will be several steps ahead of the game.

When you plan to retire, save some money ahead of time. Set aside those savings for just your goals. Create a retirement plan, figure out how to accomplish it, and stay with it. Try starting small and increasing your savings as much as you can a month to reach those goals.

An obvious tip in regards to retiring is to make sure you start saving for your retirement. A lot of people make the mistake of not saving for their retirement and then find themselves in a bit of a pickle because they don't have adequate funds available to them when they're older.

Begin saving while you are young and continue steadily throughout your life. Regardless of how much you can put away, start this very minute. As you make more money, put away more money too. Keeping funds in interest bearing accounts helps grow the balances.

Set reasonable goals for retirement. Reaching too high in the sky can lead to disappointment if you do not have the resources to hit them in the first place. Set very conservative goals and increase them gradually as you hit them year by year. This will also prevent you from making rash decisions as you save.

When planning for retirement, create savings goals and stick to them. If you've already started saving, keep at it! If you haven't started, create small goals and make sure to meet them every month. Make saving a priority. Once you have met your goals, slowly increase them as you go along.

If you don't know where to start saving for retirement, check with your employer. Many employers offer not only a 401k savings plan, but also contribute matching funds. Regardless of how much of your income you should save, save at least the amount to get the full match. Never leave free money on the table.

Talk to a financial advisor about retirement. This person can give you great savings ideas, regardless of your age when you start to save. By following their advice, you can prepare yourself for the day you stop working and enter retirement. Just make sure to find an advisor you can trust.

Does your company have a pension plan? Look into it to see if you qualify and to understand more about what it is and what it does. If you are considering switching to a new company, make sure you understand what that move will do to your pension benefit. It may not be worth it to make the switch.

Make sure that you know what you are going to do for health insurance. Healthcare can really take a toll on your finances. Make sure that you have your health expenses accounted for when you retire. If you retire early, you may not qualify for Medicare. It's important to have a plan.

Retirement may just be the perfect opportunity to get your dream of running a small business going. Sometimes a lifelong hobby can be profitable, and many people are successful when they can work at home. This part-time business is low stress because the owner does not need to depend on the income for their livelihood.

As you approach the age of retirement, find out about Medicare. This important part of life after working is something you need to know about now. There are deadlines for signing up and serious choices to be made. Be aware of your options and obligations now, to avoid missing out on necessary benefits later.

Make sure that you look into your employer's retirement savings plan. Do some research, and figure out what sort of plans are available to you. Determine what sort of benefits there are for using the savings plan. Contribute what you can to it, and start saving for retirement as early as possible.

Getting ready to retire is something that not everyone knows how to do well. The key is to learn as much as possible, and hopefully the above information has helped you do just that. Refer to the material often, and you should have everything you need to get the job done right.


Refinancing Mortgages with a Low Credit Score

Refinancing mortgages can be very tricky. So many documents required, and so many questions. Prior to the mortgage meltdown, it was a lot easier to skip certain steps in the process, but now lenders are looking to have all the "eyes dotted" and the "tees crossed". Mortgages are being scrutinized for every possible flaw in documentation, and where bad credit was previously overlooked, it is now more difficult to push through these loans. Brokers and loan officers alike, were quick to allow applicants to increase their income figures, and to "candy-coat" blemishes in credit history. In reality, refinancing home loans with a low credit score was quite possible, even though "bad credit refinance rates" would be significantly higher than normal refinance rates.


Today, mortgage applications, and refinancing requests are poured over with fine tooth combs. Organizations are being held accountable for bad decisions, and are being forced to buy back loans upon which they have erred, and where home owners have either defaulted or had problems with late payments. As a result, the situation is much tougher for refinancing mortgages with a low credit score.
But all is not lost to home owners with low credit scores because there are still lenders who are willing to invest in risky ventures. And regardless of one's low credit score, lenders still see this as a viable business. They are willing to overlook low scores in favor of other positive attributes. One factor that might look appealing is the fact that the home owner has plenty of equity, so in a worst case scenario, the risk would be minimal if the home owner defaulted. And then, if he/she had plenty of equity, he would most likely find a way to save his home. He would have more invested in the home so the lender has less to lose.


Private lenders might have different goals than financial institutes when approving refinancing mortgages with a low credit score. Since they are not dealing with the bureaucracy of a organization, they can make decisions based on factors other than credit score. Remember that the lender makes money initially from the mortgage refinance closing and then each month in interest payments. It can be quite profitable to allow low credit score mortgages.


When you read the news, it has seemed for some time now that requirements have increased and that many people would not be able to seek either a mortgage or mortgage refinancing in today's market because they don't qualify for a home loan refinance, but the truth is there are still plenty of lenders approving applications for refinancing mortgages with a low credit score.


Reverse mortgages: What you should know

They're sometimes called "loans of last resort," criticized for their often high costs and sometimes misleading advertisements. But if you're a senior without sufficient savings, a reverse mortgage may be your best -- or only -- option if you need additional retirement income.

"It's a need-based loan," said Bob Bozanic, a loan agent for Lineage Lending. "It's for people who have been in their house for a long time and want to stay there, but they need to tap their equity for living expenses."

But such loans aren't for everyone. Read on to learn about how reverse mortgages work and when they're appropriate?

What's a reverse mortgage?

It is a loan that allows homeowners over the age of 62 to tap the equity in their homes. Designed to help people who are house-rich, but cash-poor, the loans pay the homeowner in one of several ways: through a lump sum; a line of credit; via monthly payments; or through a combination of a lump sum and monthly payments. The amount you can borrow depends on your equity in the home, reverse mortgage loan limits and your age. The older you are, the more equity you can tap.

To illustrate, let's look at two hypothetical examples.

John is 65 and owns a home that's worth $450,000. He's got a $50,000 balance on his mortgage, which costs him $1,000 a month. He wants to retire but knows that he'll only receive $2,000 a month from Social Security, and his monthly expenses, including his mortgage, amount to $4,000 a month. He has little savings to close the monthly gap. He could get a reverse mortgage that would pay off his $50,000 loan balance and then pay him a stipend of $1,053 per month for the rest of his life. That would close the gap between his income and expenses, at reverse mortgage in texas least for the early years of his retirement, allowing him to save any cash he has for emergencies and to deal with future inflation.

Also consider Dorothy, who is 85 and in ill health following a stroke. Her children have been paying for full-time caregivers so that she can remain in her home, but at a cost of $15,000 a month she's quickly running out of cash. She has a home that's worth $300,000 and is paid off. She can get a reverse mortgage that would provide a line of credit of up to $200,792 that her kids can use to pay her expenses when her other assets are depleted.

How is the loan repaid?

The loan is repaid when the borrower dies, moves, sells the home or goes into default. (Defaults occur if the borrower fails to pay property taxes or homeowners insurance on their property.) The loan is repaid from the proceeds of the home sale. If the balance of the loan is greater than the value of the home, the borrower's heirs can simply hand over the bank the keys. If the borrower dies with home equity remaining, his or her heirs can sell the home, repay the loan and keep what's left of the proceeds.

What's the catch?

The loans have high up-front costs. According to the National Reverse Mortgage Lenders Association, the allowable up-front fees and charges on John's loan could add up to as much as $10,879. Dorothy's loan has maximum fees of $8,908. Some lenders charge less than the maximums, however. Moreover, the fees do not need to be paid in cash. They're typically rolled into the balance of the loan.

Borrowers also pay interest on the outstanding loan balance. The rate of interest will vary based on the type of reverse mortgage that you receive. Most reverse mortgages are made at variable rates of interest. The rates are low today, but would rise if market interest rates rise.

In addition, the loans have come under fire because some unscrupulous investment sales people have talked seniors into taking out lump-sum reverse mortgages to "reinvest" their equity. That can result in disaster when the investments don't pay enough to make the loan worthwhile, or when the whole investment is a scam aimed at tricking the senior out of his or her equity.

Why not get an ordinary mortgage?

To qualify for a traditional mortgage, you must have sufficient income to pay on the loan. The same holds true with a home equity line of credit. When figuring out how much of a home financing payment you really can afford each month, tend not to fail to factor in all the other costs of having a home. There will be homeowner's insurance to consider, and also neighborhood association fees. For those who have previously rented, you can also be new to covering landscaping and yard care, as well as maintenance costs.

Should you be a retired person during this process of obtaining a mortgage loan, have a 30 year fixed loan when possible. Though your house may do not be repaid within your lifetime, your instalments is going to be lower. Since you will be living on the fixed income, it is essential that your instalments stay only possible and you should not change.With a reverse mortgage no payments are due while the borrower is alive, so the loan is primarily based on the equity in the home. However, new underwriting standards will also look at whether borrowers have enough income to pay their property taxes and insurance, which should help deter defaults.

Where can I find out more about reverse loans?

AARP devotes a section of its website to reverse loans, their uses and risks. The National Reverse Mortgage Lenders Association is also a good reference and offers a calculator to determine the maximum loan amount that you could get, the payment options, and the maximum fees and charges that could be levied on that loan.

Additionally, anyone who seeks a reverse mortgage is required to get loan counseling. Seniors should take advantage of the counseling and have an in-depth conversation about why they need the money. The reason? There may be other options, suggests Peter Bell, president of the National Reverse Mortgage Lenders Association. That's simply because many local government and charitable programs also aim to help needy seniors.

If the financial need is relatively small, these other programs may be the better bet. For instance, if you were getting a reverse loan to pay, say, property taxes or to do a necessary but relatively minor repair, you may be able to get a property tax waiver or find a charitable or government grant able to pay that cost. But if that expense is just the tip of the iceberg and a senior is living a life of penury when he or she has ample equity, the reverse mortgage may be just the ticket.

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Things You Must Know About A Reverse Mortgage

TV ads for reverse mortgages feature older respected movie stars in front of a large house and expensive car who describe a carefree life of travel and security for people in their golden years. An eligible property must be the principal place of residence, and a one- to four-unit dwelling with at least one unit occupied by the borrower. For starters, there is not enough recognition by the local and federal courts to have had time to thoroughly evaluate how legal they will be in 10 to 20 years. This includes condos and single-family houses. Those living in a mobile home can also qualify for the reverse mortgage.

draw the mortgage principal in a lump sum all at once. The only difference is that we are not being asked to give money, but to receive it. Value of the property plays an important role in both Florida reverse mortgage as well as hard money schemes. Make sure the amount of money you could get out of your home is worth the hassle to begin with.

You won't get access to all of the equity in your home with a reverse mortgage. Become familiar with reverse mortgage rules. The only difference is that we are not being asked to give money, but to receive it. You must have done your homework before getting your more about reverse mortgages loan to avoid reverse mortgage fraud as the awareness and knowledge of reverse mortgage loans will give you the defense against these fraudsters.

This federally insured loan was d by The United States Department of Housing and Urban Development (or HUD) to help the seniors meet their ever increasing monetary needs, and be able to sleep easier at night. In general the maximum amount of money that can be received depends on such factors like the age of the borrowers, the appraised value of the property, or the mortgage amount for the area. A great aspect of the reverse mortgage Is, the income is tax free and will not count against you in receiving Medicare benefits.

And in some cases, such consequences of these actions leave the remaining family of the homeowner with a greater amount of debt. If you don't hold up your end of the deal when you sign up, there is a slim chance you can lose your home. You don't have to evaluate the pros and cons of reverse mortgage alone.

If you're interested, you'll surely find more information online or at your local authorities. Value of the property plays an important role in both Florida reverse mortgage as well as hard money schemes. People with reverse mortgages do not have to make payments instead it is the lender who keeps making the payments. The senior will then be able to close on their loan. The counseling could be either in-person or via the telephone.