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What's Actually on Your Bucket List?

Everyone has something that they want to do in their life, but not everyone gets around to doing it. It might be a dream vacation, a world tour, or even something as simple as planting a garden. Whatever it is, you should make sure that you're keeping track of the items on your bucket list. With everything that goes on in your life from day-to-day, it can be hard to remember everything you wanted to do when you had the time and resources.

The Most Popular Bucket List Places in the World: How to Get There, What to Bring, and Why You Should Go 

Many bucket lists consist of big-ticket items like skydiving or watching a solar eclipse. It's not surprising that they often include expensive travel destinations or adrenaline-inducing activities. But there's more to life than just checking off your "big" list items. Those aren't the only things you should set out to do — especially if you're on a budget! In this article, we'll help you discover places that will make you feel alive without breaking your bank account.

11 Popular Bucket List Items To Do Before You Die

No matter how old you are, some of the most common things on your bucket list will include travel, education, and experiences. If you're young and just getting started out in the world, however, you'll have a lot to learn before you can tackle the more "adult" goals on your bucket list. But there's no need to feel intimidated — we've got some tips for making the transition into adulthood that will help save you time (and maybe even money) in the long run!

10 Popular Bucket List Destinations: Check Them Off Before You're Gone

If you have a bucket list of places you want to visit before you die, then this article is for you. It's time to take action and get going! As the clock ticks on your life, it's important to stay proactive about checking off your goal destinations.

5 Popular Bucket List Items I'd Never Do

If you’re a regular reader of this blog, you’ll know that we always enjoy a good bucket list. We’ve previously published articles outlining our top 5 bucket list items from around the world and our top “don’t miss” bucket list items from around Australia. Today, we want to talk about the complete opposite — the items that we would never do, and why.

9 Popular Bucket List Destinations And How You Can Make Yours Even Better

A bucket list is a collection of things you want to do before you die. But more than just a bunch of wishes, it's a catalyst for change in your life. From finding new hobbies to escaping your 9–5 job and embarking on an adventure, your bucket list can be the push you need to get out there and make something happen. But where should you start? See our list of the most popular destinations around the world — and how to make yours even better!

7 Popular Bucket List Adventures to Have Before You Die

If you're not familiar with the term, a bucket list is a list of things you want to accomplish before you kick the bucket — in other words, die. To help you get started on your own bucket list, we've compiled a list of the world's most popular bucket list adventures. Add some excitement to your life and check one or more off your own list today!

Reverse mortgages have been around since the early 30s. Since then, there have been incremental improvements in the technology that makes them affordable for mainstream homeowners. These loans, however, have generally been offered by investment firms, financial institutions (especially in Asia), and “special purpose acquirers” (SPAs) with strong reputations for quality and transparency. Their underlying experience in the marketplace is that customers are more suited to underwriting risky high-risk loans with MACs than are consumers who need credit for everyday purchases.

Who should not get a reverse mortgage?

Reverse mortgages are not for everyone. If you are looking for a loan to supplement your income or to use the equity in your home to purchase something, you should probably look elsewhere. If you are looking for a loan to supplement your income or to use the equity in your home to purchase something, you should probably look elsewhere.Reverse mortgages differ from conventional single-family mortgages (SFL) because they require that the property be revalued (demolished and leveled) before the mortgage proceeds. While some SFLs can offer fixed rates with or without equity protections, or even pay down balance if the property value goes down during the term of the loan, most SFLs do not provide alternatives to equity protection, such as options for periodic improvements or maintenance needed to keep the property current or a down payment for a home the owner is interested in purchasing.

Reverse mortgages have had limited use over the years and are much more popular now because they allow homeowners, who may have equity, to access funds without taking on substantial risk. Depending on the terms of the reverse mortgage, their initial outlay of money is significantly less than other types of mortgages. With a reverse mortgage, the homeowners are required to maintain and even pay off the loan, to the value of the property. (Mortgage servicers — loan servicers — serve as the Your Money Advisors of the reverse mortgage world. They help lenders determine whether the property is worth paying back and, if it is, what form of payment the homeowners will be required to make to keep it current.)

A typical purchase of a reverse mortgage is the first payment that is due on the mortgage. The first payment usually involves the seller acquiring the funds and writing a check. In return, the buyer is responsible for paying the balance of the balance due on or before the due date before the end of the 31st calendar month after the mortgage is taken out. For the actual purchase price of the home, the balance due is calculated as the difference between the cost of the property and the residual value (value of the home after all costs are deducted) of the property. This amount is usually based on the sales price of the property as well as the interest rate charged by the mortgage servicer. The buyer pays approximately four percent to HARP for the loan.

Prior to the pandemic, the reverse mortgage market was thriving. Unfortunately, as more people became aware of these mortgages, the supply of available loans has been constrained.

Who can benefit from a reverse mortgage?

Many reverse mortgages are for people who are in a financial pinch but still want to stay in their own homes. For example, if you are a senior who needs money to repair your home or pay a medical bill and your house is the most valuable asset you have, a reverse mortgage may be an option for you. Remember, a reverse mortgage is not a loan.Reverse mortgages come in various forms, including fixed unit, equity compact, and inflation-adjusted payments. Fixed unit mortgages provide funding for specific capital improvements such as foundation, roof, deck, or sewage connection. Fixed unit mortgages usually require a down payment of several months of the salary. Equity compact mortgages provide funding for purchasing a primary residence that is not your main residence. An example would be a family buying a home for the family vacation or to avoid property taxes. Finally, there is an inflation-adjusted reverse mortgage, which is more common now as accessible for individuals with equity. Equity-adjusted reverse mortgage allows consumers to take an existing home and provide additional equity for those times when they are unable to acquire income-producing properties.

For someone who wants to buy a home but does not want to receive a high interest rate, a fixed rate option geared towards term loans is a more suitable home loan option for them. Fixed-rate reverse mortgages can provide the same amount of debt as interest-only loans, but some fixed-rate Reverse mortgage loans provide several types of equity, including cash, through a deferred sale value and/or a compulsory retirement fund. Being a fixed-rate loan does not give a borrower access to greater flexibility while making a home purchase, but it does give them the option to buy the home they want without worrying about its market value.

If you are married or together with your spouse, a joint or spousal reverse mortgage is a good option for you. You do not have to start paying off your loans until you sell your home.

A reverse mortgage is a home loan that gives homeowners the opportunity to receive a lump sum of cash in exchange for the equity in their home. The borrower does not have to make any monthly payments, and the loan does not have to be repaid until the borrower moves out or sells the home.While an interest-only loan can provide a downpayment for personal or family use, it is generally not a suitable option for someone wanting to purchase a home. Interest-only loans generally have fixed rates, the rate the lender increases when the loan is used to borrow more money. Variations in the interest rate charged by the lender can have a significant impact on the borrower’s ability to afford the home loan. Up-front payments to buy a house can be attractive to a consumer who has many years ahead of them. The monthly payment while you are in the home can be balanced by the increased income potential when you exit the home and move to where you will finish paying off the loan.

A reverse mortgage essentially involves lending money from a bank to you at a higher rate than you would receive from another person. For each $100,000 of equity that you have, your loan amount can be increased by $5,000. Lender — usually a bank — agrees to make payments to the borrower for a fixed period of time as long as the balance is maintained. The length of contract can vary between 30 and 54 months.

Because a reverse mortgage is not a traditional mortgage, there are key points to consider before you decide to use one. The following factors should help determine whether you should pursue a reverse mortgage loan.

Reverse mortgage loans typically have a lower amortization period and higher payment limits than monthly mortgage payments. However, when monthly payments start to climb, periodic payments called grace periods, which allow homeowners to pay the remaining balance before interest kicks in.

To qualify for a reverse mortgage, your home must have an equity of at least five years of homeownership. Holding a loan with a closing balance of at least five years of homeownership is a requirement for someone to qualify for a reverse mortgage loan. The balance can vary over time, even between loans granted on the same property. In some cases, you might need to sell the property before the equity can be increased, or the balance can increase because you purchased the home at a high-sale price. Your home must also be your principal residence and not an investment property used for rental purposes. You cannot have a history of liens on your home or multiple properties that you are thinking about selling or moving to.

A reverse mortgage, also known as a home equity conversion mortgage, is a special type of home loan that allows homeowners who are 62 or older to convert a portion of their home equity into cash. Instead of making regular payments to the lender as you would with a traditional mortgage, homeowners with a reverse mortgage receive cash payments from the lender.

More detailed explanation follows. Remember, this is not for everyone. Make sure you consider your options throughly and speak with your consultant.

The following posts were written using AI. If you learned something from this article, consider donating to my grandchildren's college fund. I plan to send them to Mars, so we can make sure that the Filipino culture continues beyond Earth. 😃

A reverse mortgage is an option for homeowners that offer an alternative to traditional loans. The premise of a reverse mortgage is simple: You own your home and have equity, but need cash; the bank will give you the cash, but take your house when you die or move. Reverse mortgages are called "reverse" because they provide funds by taking something (your house) instead of providing something (a loan). Although reverse mortgages can be helpful in certain situations, they are not appropriate for all homeowners

Don't mind the GUEST postings, I'm just experimenting. Thanks!

On 4/13/2021 at 4:38 AM, Nightwriter said:

Thank you very much. My mind was on hyperdrive when I made the post though. Working and thinking and posting and thinking and writing.  😀

 

 

You have a beautiful mind, Nightwriter. I'm writing a letter to Elon, to clone your mind, to send to Mars.

Maybe if we write it down we get a sense of fulfillment. This pandemic is driving everyone weird! Haha, me included! This thread is supposed to be a bucket list of members... but let's shake it up a little. I used an A.I. software to start this thread. Below is what the A.I. suggested.

Can you guess which one is my original intro? And which ones were rewritten by A.I.?

Dear Elon Musk,

I'm sure you've probably watched a Miss Universe Pageant once in your life. And probably observed that Filipinos are genetically beautiful. Can you save the Filipinos a seat on Starship please? Make Mars beautiful!

I consumed it for the entertainment value. It was a trip. I felt so intelligent while the movie was running, and felt I lost IQ after the movie.