Rosie,

I sure will.  I am having sugery on Friday so I might not be looking for a while.  Maybe by the one of my rich Italian relitives will have kicked the bucket....oh no...I don't have any rich Italian reliatives.

Later and Thanks

Fred

I am not sure if I had sent you a Thank You note but, Thank You,k I will look into it.

Fred

Hi Pat McMann

Thank you for these sites as I never heard of them...

Starshine

Hi Fred14,

Friends of Man helps people who find themselves in a situation where they have nowhere else to turn.

It may be an elderly person on a fixed income, a working family whose child is struck by severe illness, an accident victim, a disabled person, or a schoolchild whose family can't afford basic needs.

THANKS VERY MUCJH, i WILL CHECK THEM OUT AND IF i GET ONE i WILL LET YOU KNOW.

fRED

This is a segway lookalike, so I dn't know if it's any good but it's a lot cheaper!

http://www.segwayscooter.us/

Thsi dealer sells used ones starting at 3200:

http://www.segwayofoakland.com/buy.htm

Just search online for used segway - many police forces, security companies and universities use them so there must be used ones around.  Good luck!  Rosie

I am disabled and have chronic pain.  This last week a friend showed me a Segway and said I should give it a try.  I did ,it was like a whole new world opened to me.  For the first time in a long time I could get where I was going without any problem.

I am 65 and not at the top of the income brack but I would sure love to buy one.  The BIG problem is they are over $5000.00.

Does anyone know of a program that will aid the disabled with such a purchase.  If yes, would you please let me know about it.

Yes.  Be "very careful" who you deal with.  Once you receive the money, think twice about re-investing it into other products.  That's where seniors have gotten themselves into trouble. 

Once we see you through to closing, the Senior has the right to do anything they want with that money.  That's where the trouble "can" begin.

If the money is left in the credit line; no one can touch it except the client who is on the account. 

Most of your seasoned Revese Mortgage representatives are trustworthy and care so much about the seniors, but you will (from time to time) get the less than reputable representatives.

Don't let anyone pressure you into doing anything with that money until you have checked out all possibilities.

jnixon 

(866) 638-3307

I am a senior who has returned to school for a BA in Psychology/Substance Abuse. After completing 2 full semesters I am being told that I am not eligible for Pell and that I have an outstanding balance as the results. I am on a fixed income and have no resources to pay this balance, therefore I am seeking other available grants to pay this bill.

Well I guess a reverse mortgage is might be a good loan to all of us.  Especially to our elder people, and since it is tax-free income. And another good news, did you hear about tax day freebies? Well, there are a lot of businesses giving out tax day freebies.  If you live around Baltimore, the McDonald's fastfoods has this tax day freebies, where you can get a free small hot or iced coffee.  You can't get a free payday loan, but there are other deals.  There are free Cinnabon bites and Maggie Moo's ice cream freebies as well.  Some tax day freebies might come in handy as some credit repair on the part of April 15th. How I wish its always tax day freebies.

I also am looking for Seniors free grants. california has cal Grants if you are a resident and dont make over $13,000.00 a yr. I hope to start a business to supply seniors with all the free infromation in any areas in the next year,god willing

have a successsful search

Lois Neway

lois_faye@att.net

I also am looking for Seniors free grants. california has cal Grants if you are a resident and dont make over $13,000.00 a yr. I hope to start a business to supply seniors with all the free infromation in any areas in the next year,god willing

have a successsful search

Lois Neway

lois_faye@att.net

Click on the link below and then scroll down the page to see the links by state:

Micro-Loans - US Government - Small Business Administration (SBA)

I am a senior female who is interested in a small business grant or loan information.   If you know of any gov. agencies listed by state, plese send them to me, thank you.

QUEENC

Ministryofmentoring@hotmail.com

Reverse mortgages provide more seniors with a safety net

http://www.latimes.com/classified/realestate/news/la-re-reverse24feb24,0,1068452.story?track=rss

Your posted article is very good and as been seen by many.  Many of the Reverse Mortgage Specialists that have been in this business for a long time have been trained and certified in the reverse mortgage industry extensively.

A few words of advice when looking for Reverse Mortgage Companys:

Choose a company with a long-standing reputation in the business, such as:

Bank of America

Bank of NY

Financial Freedom Senior Funding

Seattle Mortgage

They are major players. 

When using a company that is a Correspondent, ask them who many years the Rep has been in the business.  This is a good indication of whether or not they know the HUD regulations well. Check on how long the company (or broker) has been in business.

Ask your Rep what kinds of Certifications they hold (i.e. Cerfitifed Senior Advisor, Natl Assoc of Financial Planners, Estate Planning w/ knowledge of Reverse Mortgage, etc.)

Make sure they go over every page w/ you while you are signing.  Have someone in your family or a friend w/ you.  Two brains are better than one.

LASTLY,

It is "not" recommended that you take your awarded funds in the credit line and use it to purchase any kind of an annuity or insurance.  It is against HUD regulations to suggest that to any borrower.

"The remaining $100,000 was used to purchase, at the saleswoman’s urging, two deferred annuities — complex contracts that offer monthly income in exchange for a large lump-sum payment..."

We recommend that "if you do not need the money right away ... don't take it out!  Let it grow for you."  Every year, additional money is added to the credit line in December.  Sometimes, that's enough to pay your taxes and have a nice Christmas and you are not touching the principal.

Not every RMS is out to SCAM you!  The best are trained to Counsel, Counsel, Counsel.  If someone is trying to "sell" you a reverse mortgage ... back off of them!!

I hail from Financial Freedom Senior Funding Corporation where I was trained extensively ... and I do mean "extensively".  I love working w/ senior citizens, orgainzed and became President of the Business Network League (a senior organization to help the elderly w/ their issues) and worked on the Bethany Presbyterian Church Community Team working to provide better Housing Counseling for the Community.

My Advice:   Get Counseld on the program. Learn all about it from a qualified RMS and then make your decision. Also, don't wait until it's too late.  Approximately 30% of all reverse mortgages do not qualify for different reasons and are turned down.

Jacquelyn E. Nixon, RMS, CSA

(866) 638-3307

CALL: (866) 638-3307

DIRECT: (951) 530-1558

ASK FOR: JACQUELYN NIXON,RMS,CSA

FREE ANALYSIS; NO OBLIGATION

What Is A Reverse Mortgage?
_____________________________

The reverse mortgage is a safe and easy way for seniors to turn their home’s equity into an additional source of income to meet any financial need. It is a loan that is available to senior homeowners who are "at least 62" years of age.

Unlike traditional home equity loans, this product does not require repayment of any kind until the home is sold, or the borrower permanently leaves their primary residence.

How Do You Qualify For A Reverse Mortgage?

________________________________

Qualifying for a reverse mortgage is simple. Borrowers need to be at least 62 years of age, own their home, have a minimal mortgage, if any, and live in their primary residence. In addition, there are no income or credit qualifications necessary to be eligible for this loan.

How Are The Proceeds Paid From The Reverse Mortgage?
_________________________________

Proceeds are paid in any combination of the following:

• Lump Sum

• Monthly (Tenure) Payments – for Life of Loan

• Term Payments – for specific period of time

• Line of Credit – with growth

• Modified Tenure – Combination of Monthly Payment and Line of Credit

Are There Any Limitations On How The Proceeds Can Be Used?
_________________________________

Reverse mortgage borrowers may use the proceeds for whatever they wish:

• Pay off debt, including taxes, mortgage and other loans

• Make needed home repairs

• Pay for Health Care, Medical Supplies, Prescriptions

• For Day-to-Day Living expenses

• Make additional Retirement Investments

• Anything you want.

Why Should You Consider The Reverse Mortgage? ____________________________________

• No repayment until borrower decides to sell the home or borrower permanently leaves residence

• Unlocks the equity built into home

• No income or credit qualifications

• Proceeds received as tax-free income

• Interest is paid at time loan is repaid – not during loan

• FHA Insured or Fannie Mae Guaranteed

• Flexible payment options

• Growth on credit line option

• No debt passes to heirs

• Credit line does not affect Social Security or Medicare benefits

How Much Money Can A Senior Homeowner Expect To Receive?
________________________________

How much a borrower acquires from the reverse mortgage depends upon their age, current interest rates and the value of their home. The older the borrower and the higher the home value, the more money they are eligible to receive.

Free, no obligation reverse mortgage illustrations are available anytime from a Reverse Mortgage Specialist.

Exactly How “Safe” Is The Reverse Mortgage?
________________________________

• Reverse mortgages are a very safe income option for Senior homeowners.

• Borrower(s) name remains on the title

• Debt owed on loan does not pass to heirs

• Borrower will never owe more than the loan balance or value of property, whichever is less

• Strictly regulated by government and industry associates like

AARP and NRMLA (National Reverse Mortgage Lenders Association)

Common Misperceptions About The Reverse Mortgage
____________________________________ 

• “The lender takes the home” – this is incorrect because the homeowner retains full ownership and the reverse mortgage is a lien.

• “I can be thrown out of my home” – this is untrue because the homeowner can stay in their home for as long as they wish.

• “I can owe more than my home is worth” – the homeowner can “never” owe more than the value of their home.

What Type Of Reverse Mortgage Programs Are Available?

The three types of reverse mortgage programs available from The Reverse Mortgage Company are:

• FHA Home Equity Conversion Mortgage or “HECM”

• Fannie Mae “Home Keeper” Mortgage

• The Cash Account

What Are The Responsibilities Of A Reverse Mortgage Borrower?
__________________________________

• Attend free, but required counseling session by FHA or Fannie Mae approved counselor

• Maintain property

• Continue to pay taxes and insurance on property

Why You should call and get a free analysis? _____________________________________

• Can provide comparisons for:

BANK OF NEW YORK

BANK OF AMERICA

FINANCIAL FREEDOM SENIOR FUNDING

SEATTLE MORTGAGE

COUNTRYWIDE

That way you can make a quality decision!

• Nation’s most reliable lenders of FHA and FannieMae Reverse Mortgages

• Helped homeowners to translate their home equity into disposable income

• Member of the National Reverse Mortgage Lenders Associate (NRMLA)

CALL: (866) 638-3307

DIRECT: (951) 530-1558

ASK FOR: JACQUELYN NIXON,RMS,CSA
FREE ANALYSIS; NO OBLIGATION

Jacquelyn has over 5 yrs of experience in the Reverse Mortgage industry and has participated in key efforts to educate and work through supportive efforts for senior citizens.

2007:

A member of the Certified Senior Advisors. Attained CSA  certification in 2006. 

Organized the Business Network League, a Senior Resource Alliance. President(www.businessnetworkleague.com)

Participated in: Commerce Committee, PA House or Rep.- Mortgage Foreclosures and Predatory Lending Hearing.

Worked with the PCRG Anti-Preditory Lending Initiative

Participated in: National Aging In Place Month, PA, SCSEP Program-Career Links – Senior Aide Program, PA

Participated in: American Dream, Homeownership Seminar

Speaker at Voices of Independence, Homeownership Seminar. Home transitioning for the disabled PA

HUD Reverse Mortgage.

Tax-free Income. 62 and Older Reverse

Mortgage Posted by Reverse Mortgage on March 05, 2008

If you are a homeowner 62 or older, you may qualify for the HUD-subsidized program that will yield tax-free income. You must call and talk to a qualified specialist who will explain the process to you and determine if you are eligible.

A reverse mortgage is a unique loan that enables senior citizens to convert part of the equity in their homes into tax-free income without selling the home, giving up title, or taking on a new monthly mortgage payment. It does not affect your social security or medicare benefits. There is no income or credit qualifications.

Based on certain criteria, the program will pay off your existing mortgage and back taxes. You must call to qualify.

For more information, call Toll Free (866) 638-3307 IT IS NOT MANDATORY THAT YOU SELL YOUR HOME! IT DEPENDS ON WHAT YOU WANT TO DO!

Think about yourself, your parents or grandparents. If they are struggling ... help them!

Jacquelyn E. Nixon, RMS, CSA

Reverse Mortgage Specialist

Certified Senior Advisor

Toll Free (866) 638-3307

Direct: (951) 530-1558 Over 5 yrs experience

www.hud.gov www.nrmla.org Listed with: www.society-csa.com

Read this article in The New York Times about reverse mortgages. Here is some of it:

"A reverse mortgage, the saleswoman explained, would give Ms. Baker instant access to hundreds of thousands of dollars tied up in the value of her home. Such a loan, typically available only to homeowners in their 60s and older, would not have to be repaid until Ms. Baker moved out, the saleswoman said.

And if she never moved, the loan would be settled by selling her house after she died. “Your Home Pays You Cash!” read a brochure the saleswoman left behind.

Ms. Baker, who lives just outside San Diego, jumped at the offer, borrowing a little more than $200,000 through a company called Senior American Funding.

Then the problems began..."

Read the full article...

If you are a homeowner 62 or older, you may qualify for the HUD-subsidized program that will yield tax-free income.  You must call and talk to a qualified specialist who will explain the process to you and determine if you are eligible.

A reverse mortgage is a unique loan that enables senior citizens to convert part of the equity in their homes into tax-free income without selling the home, giving up title, or taking on a new monthly mortgage payment.   It does not affect your social security or medicare benefits.  There is no income or credit qualifications.  Based on certain criteria, the program will pay off your existing mortgage and back taxes.  You must call to qualify.  For more information, call Toll Free 1-775-665-1234 [enter code:  724-730-0164#]  or Direct (724) 730-0164.

Think about yourself, your parents or grandparents.  If they are struggling ... help them! 

Jacquelyn E. Nixon, RMS, CSA

Financial Freedom Senior Funding Corporation

www.financialfreedom.com

www.hud.gov

www.nrmla.org

www.businessnetworkleague.com

Hello, I am a 67 year old retired home health aide. I recently retired because I became alittle sick and now i'm getting assistance from HUD to pay my rent and gas. I was hoping to have saved up some money for my retirement and also pay off all of my bills but unfortunately things didn't work out that way because of other financial problems that kept occuring.

I really don't know what to do now or where to go for help. I found this site and it seems to be very helpful and would like to know is there any place I can go to get assistance in paying my bills. My bills are under 8,000 but with the one check that I get a month (SS) I can only afford to pay rent, gas, medicine and food. What should I do?

Thank you in advance for your time and advice.

I am a senior woman, looking for federal funding to return to school for an advanced degree.

I HAD  NO IDEA ABOUT THIS SO I TOOK OUT A MORTGAGE ON MY HOME FOR  $50.000 SEVERAL MONTHS AGO.         I HAD A LOT OF WORK THAT NEEDED DONE ON MY HOME AND YARD, AND MY RATE WAS "UNDER 4%" .            NOW THE RATE IS  6.75% AND I AM A SENIOR  ON LIMITED INCOME .       WHILE IT MAY BE DIFFICULT TO MAKE THESE NEW PAYMENTS; I AM STILL ON TIME EVERY MONTH.        I WOULD BE MOST GRATEFUL IF I WAS ABLE  TO GET A GRANT FROM THE GOVERNMENT OR A FOUNDATION TO REPAY THIS MORTGAGE IN FULL, AS IT SEEMS THAT I AM HAVING ALL THESE EXTRA EXPENSES LATELY.      EVEN IF I WERE ABLE TO OBTAIN AN "INTEREST   FREE LOAN" IT WOULD BE OF GREAT HELP TO ME .     I HAVE OWNED AND OCCUPIED MY HOME FOR 40 YEARS , SO I AM WELL ESTABLISHED HERE .                                                                                                                                                                                                                                                                                              

THANK YOU MUCH