Archive for July 2012

Few Facts and Information about Divorce Attorney

by Unknown in Divorce Attorney, Divorce info, Divorce Law, Divorce Lawyer 2

What is Divorce:

Divorce or the dissolution of matrimony is the final end of contract of a marriage union, terminating the lawful responsibilities and commitments of relationship and running the bonds of marriage among the partners. Divorce laws vary significantly around the globe, but in most nations around the world it necessitates the approval of a court or other authority in a lawful procedure. The legal procedure of divorce or separation may also include issues of alimony (spousal support), child guardianship, child assistance, allocation of property, and split of financial debt.

Types of Divorce:

Although divorce laws differ among authorities, there are two basic techniques to divorce:

At-fault Based
No-fault Based

Information about Reverse Mortgage (Part - 2)

by Unknown in Mortgage 0

Hi there,
In my previous post (Information about Reverse Mortgage) I wrote an intro. about reverse mortgage. On that post I wrote these three parts:

What is reverse mortgage.
Concept of reverse mortgage.
Reverse mortgage proceeds.

Now in this post, I am about to post some more facts about reverse mortgage. Todays topic's concepts are given below. Lets hope it would help you.

Overview:

How Does a Reserve mortgage work.
Payback Reverse mortgage.
Procedure to cancel a loan.

Information about Public Debt

by Unknown in Debt 0

What is Public Debt:

Public debt is a type of debt what is owned by the Government or its any branch. It is a method of financing the government project by borrowing money by issuing notes, securities government bonds, bills etc. Usually these kinds of borrowings are taken by govt. with a fair rate of interest.

National debt is a debt which a state owes to its subject or the nationals of others countries. – Findlay Shirras.

Information about Reverse mortgage

by Unknown in Mortgage 0

What is Reverse Mortgage?

A reverse mortgage is a form of equity release (or lifetime mortgage) available in the United States. It is a loan available to seniors aged 62 or older, under a Federal program administered by HUD. It enables eligible homeowners to access a portion of their equity. The homeowners can draw the mortgage principal in a lump sum, by receiving monthly payments over a specified term or over their (joint) lifetimes, as a revolving line of credit, or some combination thereof (i.e. into aged care) a type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan.