The Mortgage Outlet has discovered that there a lot of misinformation and mortgage myths about Reverse Mortgages in AMAGANSETT New York.  A reverse mortgage is a home equity loan which allows homeowners 62 years or older to convert some of their home-equity into tax-free income without having to make any repayments on any part of the loan as long as they will continue to live in the home.  The tax-free proceeds from a reverse mortgage can be used for any purposes.  Reverse Mortgages were created to enhance the lifestyle of the borrower for the rest of their life.       Myth # 1:  The Bank will own my home. Fact:  Your title will not change until you sell your home and you will maintain ownership of your property. The lender will place a lien against your property just like a regular m... 03/26/2013

Who Should Consider a Reverse Mortgage in Amagansett  New York? Reverse mortgages in Amagansett New York are a convenient way for senior citizens to get the money they need. They allow seniors to use the equity they have in their homes to borrow money. But unlike a traditional mortgage or home equity loan, they are not required to make monthly payments until the loan is paid in full. The loan is not due until the homeowner moves, sells the house, or dies.   A reverse mortgage usually leaves the recipient’s estate owing money when he passes away. In most cases, the house must be sold to repay the loan. The remainder of the money goes to the deceased’s estate. Because of this, a reverse mortgage may not be a good idea if you are intent on leaving your home to your children or other heirs... 02/13/2013

What else can Feng Shui be Incorporated into? by Feng Shui Manahttan This past Sunday I took part in an evening health fair at United Skates in Massapequa NY.  It was a great turnout and I had some interesting conversations and questions came about.  I was reminded by a gentleman with his specific question that Feng Shui is still very much blossoming. Yes, it is becoming more excepted in the common house hold, but still it seems basic questions going unanswered. The gentleman approached me and asked the typical, what is Feng Shui? what can it do? and so on.  Once I was done answering him, he said thank you and began to walk away, but then he quickly turned around. He sat back down and asked, "what else can Feng Shui be Incorporated into?" He had such big curious eyes when he asked me th... 01/08/2013