Cougars, grr

Light reading for the weekend

Allure did another one of those fluffy surveys.  This time it was to find out how men and women really feel about a woman’s changing looks, the effects of plastic surgery, and whether sex gets better with age.  Allure polled 2,000 people nationwide

survey says:- women believe their beauty peaks at 31 – but agree with men that 30 is the most seductive age for a woman.

- men are the most confident in bed between the ages of 50 and 69, while women experience their peak of sexual confidence between age 18 and 29.

-57% of the men and women polled agreed that sex gets better with age, only a third of male baby boomers said they were attracted to women their own age.

-36% of men between 18 and 29 say that ’cougars are hot’.

-women are more pressured to look young.

-grey hair makes a women look old, but on a man it’s considered distinguished…although 63% of men color their hair to look younger, compared to only 36% of women.

Overall, 70% of men and women say they take non-invasive anti-aging measures, and only 1% admit to getting cosmetic surgery, injections and/or laser treatments.

thought for the day

so few people view low interest rates as a form of financial repression that favours the elite

reverse mortgaging

If you have a home that's paid off - or almost paid off - a reverse mortgage can help you live better by providing a steady stream of dependable income.

This type of mortgage is called a reverse mortgage because instead of you paying the lender a certain amount per month for a certain number of years, the lender pays you. These payments are cash advances against the value of your home.

There are different kinds of reverse mortgages, but all of them are similar in certain ways. You continue to own your home just as you do with a normal mortgage. You pay the property taxes and are responsible for maintenance, homeowners insurance and property repairs.

At the end of the mortgage, you or your heirs must pay all of your cash advances plus interest. If you or your heirs cannot do this, the lender can foreclose on your house.

There are financing fees associated with a reverse mortgage just like with a forward mortgage. The money you get form the reverse mortgage can be used to pay these fees. These costs are added to your loan balance and must be paid back with interest when the loan is over.

How much money can you get with a reverse mortgage?

The monthly amount you get will depend on your age and the value of your home. Here's an example. One reverse mortgage currently available is the Federally-insured Home Equity Conversion Mortgage or HECM. Assuming you have a home worth $200,000 and owe nothing on it, an HECM could get you $641 a month for the rest of your life. Alternately, you could get a credit line account in the amount of $107,466 that you then could draw from whenever you wished. Or you could choose to get a single lump sum payment for the same $107,466.

Keep in mind that, as a rule, reverse mortgages are first mortgages. In this case, if you still owe any money on your home, you must pay off the old mortgage first. If you don't have the money to do this, you can usually use money from the reverse mortgage to pay off the old debt.

How much will you or your heirs end up owing?

The debt will equal all the cash advances you have received, plus all interest that is added to your loan balance. If that amount is less than your home is worth, you or your heirs get to keep the difference. The other good news is that you can never end up owing more than your house is worth at the time the loan is repaid.

If you are "house rich" but "cash poor," a reverse mortgage could help make your golden years more golden, However, make sure you read the loan papers carefully to be certain you understand all the loan's conditions.

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Article Source: http://EzineArticles.com/128247