http://desicritics.org/ Superior South Asian bloggers on Culture, Media, Politics, Sport, Business, and Technology. en Copyright 2006 by the authors Thu, 24 Dec 2009 04:14:58 EST http://backend.userland.com/rss BC custom software http://desicritics.org/2007/10/25/114537.php#comment-378304 Great finance blog you have. I was looking for information on <a href="http://www.azcentral.com/members/Blog/debtconsolidation"> mortgage loan refinance and debt consolidation </a> and I found your blog.Some extra knowledge I got to know from your blog. I will be back to visit your blog again. 378304@desicritics.org Thu, 24 Dec 2009 04:14:58 EST http://desicritics.org/2007/10/25/114537.php#comment-377661 You have a very useful blog. I am surely going to bookmark it right now. I have been into heavy debt for past 2 years and my life seems so hard. I searched for solution on the internet, blogs and forums. I got some help but that was not enough for debt settlement. I have Google a lot and have seen something about <a href="http://www.debtsettlement.vg"> debt relief act </a>. Can you guys help me to find some more information on debt relief act? 377661@desicritics.org Thu, 10 Dec 2009 08:48:34 EST http://desicritics.org/2007/10/25/114537.php#comment-360729 Sehr gute Seite. Ich habe es zu den Favoriten. 360729@desicritics.org Thu, 12 Mar 2009 23:38:20 EDT http://desicritics.org/2007/10/25/114537.php#comment-360728 Sehr gute Seite. Ich habe es zu den Favoriten. 360728@desicritics.org Thu, 12 Mar 2009 23:37:40 EDT http://desicritics.org/2007/10/25/114537.php#comment-315456 This article is very helpful. I have been reading all kinds of articles about debt settlement and this one is like the light bulb that turns everything on because the arithmetic makes debt settlement very logical and puts inflation in the right perspective. Thanks! <a href=http://mydebtmanagementonline.com>student loan debt resolution settlement</a> 315456@desicritics.org Wed, 16 Jan 2008 20:45:46 EST http://desicritics.org/2007/10/25/114537.php#comment-312781 When it comes to deciding whether a Reverse Mortgage is a good investment or not, many senior homeowners don't really understand their options. For some, a reverse mortgage is a way out of debt, or a way to pay for a child's education. Others see a Reverse Mortgage as just another way for the bank to make money. The truth of the matter is, deciding whether a Reverse Mortgage is a good investment or not depends on the borrowers unique situation. This was definitely true for my aging parents, but it turns out, they made a good decision. My siblings and I had no interest in "inheriting" my parent's house and so it made sense for them to get a reverse mortgage. Once my parents pass on, the bank will get the house and all is well. In the meantime, the bank is paying them a nice monthly income which helps them pay bills and also to take a few vacations per year. They used M&T Bank's Reverse Mortgage, and the number there is: (888) 253-0712. 312781@desicritics.org Fri, 4 Jan 2008 12:07:22 EST http://desicritics.org/2007/10/25/114537.php#comment-310032 Hi...All <a href=http://theronjeff.150m.com/80313.html >tye dye clothing wholesale</a> <a href=http://theronjeff.150m.com/87025.html >wholesale clothing distributors</a> <a href=http://theronjeff.150m.com/59759.html>designer children clothing wholesale distributor< /a> 310032@desicritics.org Thu, 20 Dec 2007 09:17:11 EST http://desicritics.org/2007/10/25/114537.php#comment-307186 Don't forget, the interest charged on the reverse mortgage is going to be around 8-10% for fixed rates. However, house values traditionally rise by about 2% a year. This means that slowly, you are giving the full equity of your house to a bank. Most plans only allow up to 40% of your home's value to be taken out. This means you're essentially selling your house for 40% of what it's truly worth. If I was a bank, I'd love to sell these, too!! 307186@desicritics.org Thu, 29 Nov 2007 19:30:14 EST http://desicritics.org/2007/10/25/114537.php#comment-302738 And corporate serf, point taken indeed. The inheritance aspect is complex, but with a wee bit of foreplanning (a will, somebody you know in the land registry office and in the municipal corporation, clear idea about the capital gains tax and other tax implications) you can skate over this issue. 302738@desicritics.org Fri, 26 Oct 2007 13:36:34 EDT http://desicritics.org/2007/10/25/114537.php#comment-302737 Well, on balance, I would say that the product is good. I am all in favour of more financial products which allow you to calibrate your life properly. All I am trying to point out, (smallsquirrel's points included) is that there are some challenges with this product. Its not just hunky dory all over. 302737@desicritics.org Fri, 26 Oct 2007 13:35:02 EDT http://desicritics.org/2007/10/25/114537.php#comment-302731 read this for starters: http://www.consumerlaw.org/initiatives/seniors_initiative/tips.shtml then do some research on reverse mortgage scams 302731@desicritics.org Fri, 26 Oct 2007 12:47:28 EDT http://desicritics.org/2007/10/25/114537.php#comment-302730 actually before anyone starts touting this as a great fix-all, go do some research on how many seniors in the US were totally screwed by the bank who wrote all kinds of shitty terms into the fine print and ended up kicking old people out of their homes. reverse mortgages can be extremely dangerous. buyer beware! 302730@desicritics.org Fri, 26 Oct 2007 12:44:31 EDT http://desicritics.org/2007/10/25/114537.php#comment-302727 This seems to be a good tool. Should probably tell my parents to do this and go on a foreign holiday. Parents should enjoy everything they earn rather than waste it on their grown up kids who dont care anyway. rgds 302727@desicritics.org Fri, 26 Oct 2007 12:23:22 EDT http://desicritics.org/2007/10/25/114537.php#comment-302718 There is another issue here. The inheritance of property is a long, messy and uncertain process in India, particularly if the heirs don't live in the property. Probate courts can take decades. SO that is another incentive for older people to take the money out. 302718@desicritics.org Fri, 26 Oct 2007 12:01:12 EDT http://desicritics.org/2007/10/25/114537.php#comment-302717 There is another issue here. The inheritance of property is a long, messy and uncertain process in India, particularly if the heirs don't live in the property. Probate courts can take decades. SO that is another incentive for older people to take the money out. 302717@desicritics.org Fri, 26 Oct 2007 12:01:04 EDT http://desicritics.org/2007/10/25/114537.php#comment-302524 It's easy for me to dissect...if the seniors want some extra income, albeit a little bit, and the senior's kids don't mind not getting the house, a reverse mortgage makes a lot of sense. 302524@desicritics.org Thu, 25 Oct 2007 15:27:07 EDT http://desicritics.org/2007/10/25/114537.php#comment-302523 It's easy for me to dissect...if the seniors want some extra income, albeit a little bit, and the senior's kids don't mind not getting the house, a reverse mortgage makes a lot of sense. 302523@desicritics.org Thu, 25 Oct 2007 15:25:41 EDT http://desicritics.org/2007/10/25/114537.php#comment-302520 oh! yes, I agree, t, dont get me wrong. I am not saying that they are not entitled. I am just saying that its not a fun time for all as the note pitched it, there are some serious repurcussions behind it which are not evident. But yes, by all means, enjoy!, and that also will stop the sons and daughters and their in-laws capturing the property as so many cases have shown. Bit sad, mate. 302520@desicritics.org Thu, 25 Oct 2007 14:22:21 EDT http://desicritics.org/2007/10/25/114537.php#comment-302518 let's hope that the homes dont depreciate while the seniors are taking the equity out. this will be a huge problem for the heirs if this happens 302518@desicritics.org Thu, 25 Oct 2007 13:53:35 EDT http://desicritics.org/2007/10/25/114537.php#comment-302517 let's hope that the homes dont depreciate while the seniors are taking the equity out. this will be a huge problem for the heirs if this happens 302517@desicritics.org Thu, 25 Oct 2007 13:51:28 EDT http://desicritics.org/2007/10/25/114537.php#comment-302507 beady: there is another angle you missed.....it need not be all that dark and gloomy real estate prices have shot up many fold...houses worth lakhs are worth crores now if some of it they splurge on themselves they are entitled ;) 302507@desicritics.org Thu, 25 Oct 2007 11:49:09 EDT