PCL Financial Group

The government’s rule tightening for reverse mortgages has opened a window for new proprietary reverse mortgages. While the HECM does meet the needs of most borrowers, in the past it has left out a significant portion of the higher net worth market -- until now. The HomeSafe Select™ is a new non-FHA, adjustable rate reverse mortgage that is available for properties valued up to $10 million, with loan proceeds as high as $4 million. With a HECM, borrowers must pay a mortgage insurance premium which is 2% of the home value and annual mortgage insurance premium of 0.5% of the balance on the …

Many who are financially sound got that way by being skilled at accumulating wealth. The question is, did they also accumulate quality of life? Working all the time to build wealth, while at the same time lacking happy experiences with those who are important, is not creating a rich life.

Last week's economic news included readings from Case-Shiller on home prices and pending home sales. Readings on consumer confidence and weekly reports on mortgage rates and new jobless claims were also released.

For those who have not taken a look at the innovative technology that is now used to make artificial grass, they will be surprised at how realistic some of the newest products look when compared to living grass. Installing artificial grass, which is high quality, does not come cheap.