I’ve run two prior articles this week on the theme of Long Term Care, one on Long Term Care Issues, and one on Non-Tax-Qualified versus Tax-Qualified, and Partnership Insurance Policies. Now, I’m getting down to nuts and bolts of what you need to know while shopping for a policy. The two most important characteristics are …
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Privacy Concerns in Real Estate Transactions
Every once in a while I get someone who is unhappy with required paperwork for privacy reasons. There are three forms that are the driving force behind this. The first is the standard form for a mortgage loan application, known in the business as the 1003. Admittedly, the form does ask for rather a lot …
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Long Term Care Insurance: Non-Tax-Qualified versus Tax-Qualified, and Partnership
(Part 2 of a three part Series on Long Term Care) I wrote in the previous column a lot about long term care issues. This column deals with the insurance policies available for long term care. There are two major types, with one subtype available for people who are lucky enough to live in one …
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Comments Policy
Comments Policy Due to abuse (spam) all comments are held for moderation. Those containing commercial links or in non-English alphabets or any language I don’t read well enough will be deleted. So will the vast majority of all profanity. Your spam will never be seen. Quit wasting your time and mine. Comments are licensed to …
Long Term Care Issues
One of the two most undersold financial products is long term care insurance. Yet it is a critical need, ranking just below disability insurance in the estimation of most financial planning agencies. Long Term Care is already a large part of our nation’s health care costs. In 2002, the last year I actively worked as …
Second Trust Deeds and Loan Subordination
When you have more than one loan on your property, there are some issues you should be aware of. Keep in mind the fact that some states still use the mortgage system, requiring court action to foreclose, as opposed to Deed of Trust, which does not. For practical purposes they are similar, yet I have …
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Negative Amortization Loans – More Unfortunate Details
My article on Option ARM and Pick a Pay – Negative Amortization Loans is one of my most popular. It’s number one for multiple search engines and several ways of running the search. If I don’t get at least 20 hits a day on it, it must be a sign that the public has caught …
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The Three Day Right of Recission
One reason to check your referral logs every day: Sometimes you can find great material for an article. I got one about the three day right of rescission. This is a feature (or bug, depending upon your situation) with every refinance on a home that is a primary residence. The reason it exists is that …
Is the United States Worth Defending?
The question of where anyone’s priorities are begs the question of “Where do your loyalties lie?” I am loyal first to the long term good of humanity. I want as many people as possible to live the best lives possible. I realize that this makes me sound like some sort of socialist or communist. Nothing …
Having your Credit Run
As of July 1, 2005, mortgage providers have to have explicit written authorization to run credit. I am not certain of the political forces that made this bill, and it is still not clear to me whether this extends to non-mortgage credit providers. If it does, this is probably one of the niftiest consumer protection …