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Four reasons why a reverse mortgage is not a sound idea

Four reasons why a reverse mortgage is not a sound idea

A reverse mortgage is a loan taken against the value of the home (equity) to meet certain expenses, debt obligations, and even supplement income during a financial crisis. It allows homeowners to convert a part of their home value into cash for expenses and retain the ownership of the property simultaneously. However, reverse mortgage eligibility and feasibility are quite complicated and there are times when it is not a good option, especially for seniors (common applicants for a reverse mortgage) above the age of 60. Here are a few reasons why. Home eligible for inheritance Senior homeowners can benefit from reverse mortgage eligibility only if they can take a loan against their home and repay the same in a timely manner. However, in case the homeowner passes away and the property is inherited by their children, who might not be in a financially sound position to repay the impending mortgage. The inability to do so can result in selling the property to repay the outstanding debt and in the process lose complete ownership. So before taking a reverse mortgage, homeowners must account for the financial status of the people who will inherit the home in the future. Sharing owned property People living on the property are forced to vacate it in case the owner is unable to repay the reverse mortgage.

Water purification systems – Importance and benefits

Water purification systems – Importance and benefits

The problem of access to clean and safe drinking water has become a global cause for concern. Although tap water has been lauded as a safe source of drinking water in many cities across the country, it could cause many infections and diseases. Read on to find out more about what could be hiding in tap water and how to get rid of it to take better care of one’s health. What’s hiding in tap water? Tap water can be home to several biological and chemical contaminants, such as the following: 1. Bacteria and viruses Drinking water can contain many bacteria, viruses, and other parasites, which could cause infections and illnesses such as cholera, dysentery, and diarrhea. 2. Lead Lead is one of the most common contaminants found in drinking water. This toxic chemical can leach into the water from old pipes and fixtures as the water flows through. While small amounts of lead are generally tolerable, exposure to too much of it can cause developmental problems in children and increase the risk of cardiovascular and kidney diseases in adults. 3. Chlorine At municipal facilities, chlorine is often added to the water to kill germs. However, this chlorine can interact with other chemicals in the water to form toxic byproducts such as trihalomethanes (THMs) and haloacetic acids (HAA).

Buying physical gold and silver – Where and how

Buying physical gold and silver – Where and how

Physical forms of gold and silver are among the most traditional types of investment, making these a popular choice for many investors. These precious metals are a stellar investment option for a diverse investment portfolio as they retain their value even when the stock market plummets. But, with so many options to choose from, it can be quite challenging to decide where and how to buy physical gold and silver. Where can one buy physical gold and silver from? Online marketplaces and brick-and-mortar sellers such as jewelry stores or coin shops are the most common places to buy physical gold and silver. Wearable wealt h— r ings , earrings, necklaces, and bracelet s— c ontinues to be one of the most popular forms of buying physical gold or silver. But , due to the high mark-up as a result of craftsmanship and retailer costs, jewelry is not the best type of investment in precious metals. To reduce these costs and make sound investments, many people today purchase gold or silver bullion (bars or coins) , which may sometimes have designs or depictions on them. Buying gold and silver online v.s. in store When it comes down to the basics, the experience of buying gold and silver online or in stores is quite the same.

4 key things to consider when choosing a new garden fence

4 key things to consider when choosing a new garden fence

Having a fence around one’s property can serve multiple purposes, such as providing privacy, safety, and keeping away animals or keeping pets inside. Choosing the right fence that is compatible with the house can be a challenging task. Therefore, it is important to take some time to consider the various options available on the market before installing a fence. Moreover, there are several important factors to take into account when selecting a new garden fence. Legal responsibility and planning permission This is one of the most crucial aspects that must be considered before deciding on anything else regarding fence installation. If this issue is not sorted out initially, one may end up spending a lot of money and time in the building and installing the fence, only to cancel everything later on. Therefore, it is important to understand who would be responsible for replacing or repairing a fence if it is a shared entity between two neighbors. This can be found out through property deeds that provide details regarding which boundaries are the legal responsibility of which neighbor. In addition, it is a good idea to have a discussion with one’s neighbors before starting the work. Also, one needs to figure out whether planning permission is required for the new fence.

8 unsafe places to hide jewelry at home

8 unsafe places to hide jewelry at home

Home burglaries have become increasingly common, with new cases being reported every minute. Despite the development of home security services, thieves and burglars manage to break in and enter people’s homes. Therefore, it comes as no surprise that people want to take the right measures to protect their prized possessions and store them safely. To help people achieve the same, this article enlists eight unsafe places to hide jewelry at home. Drawers People often assume that their drawers are safe hiding spots for jewelry. However, drawers are the first place thieves tend to look. With most drawers, they can quickly dump out the materials to scan for jewelry they want and run away with it. Fridge Using the fridge as a hiding spot for valuables may sound like a far-fetched idea, but it’s extremely common. Many people wrap their jewelry or cash in foil and store it in the fridge or freezer. As a result, burglars frequently look through this highly accessible storage space. Under the mattress Some people believe thieves would not go through one’s bedroom, but that isn’t true. Many households often store jewelry and other valuables in a box hidden under the mattress or bed. This makes it very convenient for thieves to steal.

6 life planning mistakes to avoid for a secure future

6 life planning mistakes to avoid for a secure future

Planning for the future is a long-term process that needs to address multiple factors. The ideal financial planning could help you and your family live stress-free after retirement and in the moment. However, as finances could involve various factors like market conditions, family situations, earning capacity, and mental framework, it is possible to make mistakes. So if you are considering safeguarding yourself and your family financially, here are six planning mistakes you should avoid. Procrastinating the plan Planning isn’t the most exciting topic, and several people even shy away from discussing it. Some common reasons that most people avoid planning are because they have just started earning, do not have much money, or believe they have a plan in their head. However, this could significantly hamper saving in the long run. Therefore, it is imperative to start planning earlier so that you are better able to estimate expenditures and savings. Mixing insurance and investment Investments help earn income, while paying insurance helps with risk management. But many consider the latter a part of their investments. You should note that while an insurance plan could help financially support you and the family during emergencies, it will not add to your wealth.

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10 Incredible Black Friday Deals to Expect on Laptops in 2023

10 Incredible Black Friday Deals to Expect on Laptops in 2023

Laptops combine the power of desktops with the portability of smartphones, making them suitable for several tasks. But this is also why they tend to be pricey. Unsurprisingly, many wait for sales like Black Friday to buy the model of their choice. Below are ten types of laptops and the Black Friday 2023 deals one can expect on them in the coming months. The discounts listed are based on last year’s sale and current prices. 1. Dual-screen laptops Unlike older dual-screen models, newer ones are much more efficient and non-gimmicky. They have secondary displays with anti-glare capability that perfectly complement the primary screen. A great option is the ASUS Zenbook Pro Duo UX581. It comes with a 15.6-inch 4K UHD NanoEdge touchscreen glossy main display, a cutting-edge Intel Core i7-9750H Quad Core Processor, and a 14-inch 4K matte touchscreen for seamless scrolling and usability. Last year, Amazon sold specific variants of the Zenbook Pro Duo for a discount of 15% in the run-up to Black Friday. 2. Gaming laptops Gamers need laptops that are responsive, less prone to overheating, and armed with high-end graphics cards. In short, they seek devices that will not leave them high and dry in the middle of a high-octane, graphics-heavy game by being laggy and annoying. Thankfully, several gaming laptops tick these boxes, an example being Lenovo’s IdeaPad Gaming 3. The device has incredible features, such as the latest AMD Ryzen 6000 Series processors, GeForce RTX 30 Series GPUs, and Rapid Charge technology to boost battery by 40% in just 15 minutes. Amazon reduced the price of specific IdeaPad Gaming 3 models by $300 last Black Friday, so gamers can hope for similar savings in 2023. 3. Chromebooks Those who prefer the ultra-reliable Chrome OS can check out Acer’s Chromebook 315. It has a powerful Intel Celeron N4020 dual-core processor, a full HD IPS touchscreen, and over 12 hours of battery life!

Top 10 TV deals to Expect for Black Friday 2023

Top 10 TV deals to Expect for Black Friday 2023

Black Friday is one of the most exciting days of the year for shoppers. It is a retail holiday where everything is discounted, including kitchen appliances, gadgets, and even TVs. However, if one fails to arrive on time, one may find that the most popular items are already out of stock. To help shoppers have a successful Black Friday shopping experience, here are some television deals that one can expect. Top 10 Black Friday TV deals to look out for TVs, irrespective of their appeal, can come in different sizes. While some can cover most of one’s wall, others can be as small as 24 inches. But that doesn’t mean they do not function effectively. Therefore, here are some of the best TV deals one can expect on Black Friday across different categories, sizes, and brands. LG TV deals Although there are numerous brands in the market, LG is one of the most popular when it comes to TVs. This brand offers a range of televisions in various sizes, display specifications, and features. These include OLED 4K, QLED, and more. Those interested can visit popular electronics retailer Best Buy to purchase their preferred LG TV model at discounted rates on Black Friday. 1. One may find 75-inch 4K display models for a price as low as $569.99. 2. Shoppers can opt for Amazon, where one can buy LG 65-inch OLED display models and save $500 or more on the purchase price. TCL TV deals Many people across the country and the globe choose TCL TV models. The recent smart models come with Google OS and provide various user-friendly features. Additionally, thanks to the increasing demand for TVs that support gaming, the company has brought out additional features like VRR support and HDMI 2.1 bandwidth. But, these irresistible features can make the products quite expensive.