More money available soon on Reverse Mortgage loans
Home values have been ballooning in recent years. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, reported a 19.5% annual gain in September 2021! The prior year period from September 2019 to 2020 the same area reported a 19.1% annual gain. …
Social Security checks increase the most in 40 years
The gas pump and the grocery store are taking a much larger bite out of our collective wallets this year. At the start of 2021 the average gas price in the US was around $1.85 and currently the average has risen 59% higher in less than a year. The 70…
Eviction Moratorium final ruling by the Supreme Court
In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act to alleviate burdens caused by the COVID–19 pandemic. Pub. L. 116–136,134 Stat. 281. This Act imposed a 120-day eviction moratorium, which was extended until the end of July 2020. This moratorium denied landlords and lenders from evicting…
Indian Food and Inflation
A few years ago my wife and I went to dinner with some friends and were introduced to Indian food for the first time. Off of Tyler and Magnolia in Riverside is a family owned restaurant called “Punjab Palace” that has been there as long as I can remember, having…
Claiming Social Security payments based on the work history of your ex-spouse
There are a few guidelines you need to be aware of when claiming a social security payment based on your ex-spouses income. Here are the most pertinent: You have to have been married for at least 10 years. It doesn’t matter if that was 40 years ago, you just have…
A caregiver’s guide: Financial protection for those with Alzheimer’s
Credit problems and identity issues can be difficult to guard against during the best of circumstances, but for someone with a diagnosis of Alzheimer’s disease – a form of dementia that affects thinking, memory and behavior – preventing identity theft and maintaining good credit can seem impossible. More than 5…
Google searches for “housing crash” skyrocket
If you prescribe to the saying that perception equals reality, then we may have trouble on the horizon. In the last month searches for a housing crash have skyrocketed 2,450%! “Why is the market so hot” searches have doubled in a single week. It seems Americans are more worried about…
Did you get a little too jolly during the holidays? Paying off high-interest credit card debt.
Christmas or Hanukah time is a great time to celebrate family, faith, and all of our loved ones. Perhaps our holiday spirit is more than our bank account balance. Grandkids are a great joy in life and we love to make them happy, but sometimes we give beyond our means…
Miss a stimulus check? Here’s how to get it.
The IRS has already sent out all of the stimulus checks, but if you accidentally threw yours away or did not get the direct deposit you expected, you can still claim yours. Perhaps you got the incorrect amount sent to you and it wasn’t as much as you should have…
FHA increases RM Lending Limit for 2021
Reverse Mortgage Lending Limit Rises to Over $822k in 2021 The lending limit for federally-backed reverse mortgages is increasing for the fifth consecutive year in a row, set to hit $822,375 in 2021. The Department of Housing and Urban Development (HUD) announced on Wednesday via Mortgagee Letter (ML) 2020-42 a maximum claim…
