Medical Treatments for Drug Addiction
30 Year Mortgage vs 15 Year Mortgage
30 Year vs 15 Year Mortgage
Discussions of mortgages often focus on interest rates, but there is a much more basic decision to make. Should you go with a 30 year mortgage term or a 15 year mortgage term?
30 Year vs. 15 Year Mortgages
Any discussion of mortgages tends to turn on two points. How can you qualify for the most money with the lowest payment? How can you get the lowest interest rate for the mortgage? While these are two important issues, there is an addition one that people fail to consider, resulting in significant wasted money.
The term of a mortgage is extremely critical for a couple of reason. First, it sets the length of the obligation you are undertaking. Second, it defines the amount of interest you are going to pay over the life of the loan. These are huge issues when it comes to building equity.
The longer the loan, the more total interest you are going to pay. The trade off, of course, is you are going to have smaller monthly payments the farther you stretch out the obligation. While this may sound like a good goal when you first get the mortgage, it can backfire on you in the long run.
Most people focus on interest rates as a way to save money on mortgages. This is a valid approach, but playing with the length of the loan is a better way to save money. If you can cut the payments in half by going with a shorter loan, you can save huge amounts on the total interest repaid to a lender. However, you must consider what is your real estate investment strategy. If you are buying an investment property, then you most likely are concerned about cash flows which means you want a longer term to increase cash flow projections for net operating income. You also might pay a slightly higher interest rate for a no doc mortgage program so it not just the the term length of the loan you’re considering, but the real estate investment strategy.
The decision on the term of the loan is relatively simple, but entirely dependent upon your personal situation. There is no absolutely correct choice. First, you need to determine if you can comfortably afford the higher payments that come with a shorter term loan. In general, a 15 year mortgage will have payments 20 to 25 percent higher than a 30 year loan. Of course, you will pay the loan off faster, to wit, be building equity in the home quicker.
The modern mortgage industry has a variety of different term length products. When applying for a loan, take the time to evaluate the different terms to see if you can find a loan that is perfect for your situation. Remember if you’re self employed and can’t provide proof of your income, then you might want to consider a no doc mortgage program.
Health Insurance – How We Can Make It Better
Health Insurance Making It Better
You almost have to take out a loan to pay for health insurance these days. Even if your company pays for half or more of your premium, a premium for a family still runs at least four to eight hundred dollars a month. This is ridiculous, especially for people that do not visit the doctor very often. However, everyone is worried that if they do not have health insurance, then they will need it and they will not be able to get the help that they need, or they will get substandard healthcare because they do not have insurance. Many factors have surfaced over the years that cause health insurance to continue to stay on the rise. This has also affected Medicare for seniors and many utilize a medicare solutions provider to help them find multiple health insurance plans with the lowest monthly premiums.
One of the major problems that cause health insurance to continue to rise is the amount of frivolous malpractice lawsuits that are filed against doctors every year. Even if a doctor does not do anything wrong, they still have to pay the court costs, which usually are paid for out of their malpractice insurance. And if a doctor does make a mistake they can pay ten’s of millions of dollars in damages. All of this causes doctor’s to pay more for malpractice insurance, which translates into higher costs to their patient’s so they can continue to survive. One of the best ideas I have heard to help combat this problem, is legislature that puts a cap on monetary awards that are awarded for punitive damages in these lawsuits. Anything over the cap will be given to the state to help pay for schools, roads, and other things for the community. This will slow people down who want to sue just to get rich quick, but will still allow people to sue if a wrong has truly been committed.
Another major problem that causes health insurance problems is the ability of health insurance companies to get out of paying the full amount requested by a doctor. Health insurance companies rarely pay half of what a doctor’s office requests, so the doctor’s office usually has to eat the lost costs. This causes doctor’s offices to raise their prices to help shoulder the burden of these lost profits. An easy solution would be to implement some kind of regulations that would allow doctor’s offices to collect the full amount for a visit. These regulations would force health insurance companies to pay the amount that doctor’s charge, thus lowering the prices of doctor’s visits for all of their patients.
Also with seniors living longer and the likelihood of needing more medicare the longer you live will drive up health insurance cost. Although the great majority apply for Medicare benefits with a medicare solutions provider, this is one of the reasons that health care cost is continuing to increase.
A Primer on Reverse Mortgages
Economists report that as housing prices have skyrocketed over the past several years, the amount of money that households are saving through 401(k) plans and FDIC insured savings accounts has fallen. For many people approaching retirement age that means they may be “equity rich” and “cash poor” at the same time. It is not unusual today to find people living in $1 million homes almost entirely dependent on social security to get by.
A 1994 Advisory Council on Social Security trends and issues concluded that a reverse mortgage could provide an additional source of income for seniors although at the time housing prices were not high enough to make this a meaningful source. Well, things have changed.
A reverse mortgage Florida program is still a loan with your house as the collateral, but it is entirely different from the kind of mortgage you got when you bought your first house. These are the major differences:
The Lender Pays You
That’s correct. You do not make a monthly payment with a reverse mortgage. The lender pays you, and the loan can be set up so that you can get paid in a lump sum, you can get paid regular monthly amount, or you can get paid at the times and in the amounts you request.
The terms of the loan determine what each of these amounts would be. The primary determining factors are your age, the value of your house, and the prevailing interest rates at the time.
You Continue to Live in Your House
Staying in your house is really the whole purpose of reverse mortgages when you get down to it. The twist is that instead of paying somebody else to live there, you get paid while you continue to live there.
You are actually required by the terms of the loan to continue to live in the house as your principal residence. You can spend any amount of time visiting your children and grandchildren, you can travel for pleasure, and you can continue to spend summers at the lake so long as the house remains your principal residence.
You Retain Ownership of Your House
A reverse mortgage is not a sale. You keep all the rights of ownership that you had before the reverse mortgage loan. You do not need the lender’s permission to paint the house a different color or to remodel. You can put your house on the market and sell it to the highest bidder. You can will it to your children.
If there is a change in ownership, such as by sale or through the death of the last surviving owner, the reverse mortgage will have to be paid off at that time. The lender would be entitled to receive from the proceeds of the sale only the amount you actually received from the lender plus all accrued and unpaid interest to date. Any amount remaining after paying off the reverse mortgage lender would go to you, to your surviving spouse, or to your estate.
The Principal Amount of the Loan Increases With Each Payment
Another way of saying this is that you control the amount that must eventually be paid back by controlling the amount of money you actually get from the lender. A reverse mortgage is still a loan, and the money plus interest has to be paid back at some time, usually from the sale of the house after you and your spouse no longer live there.
Because the principal amount of a reverse mortgage cannot be determined until after you no longer live at the property, neither can the maturity date of the loan. This can a difficult concept to wrap your mind around because it is so different from conventional mortgages.
You Can Never Owe More Than the Value of Your House
This is true for the two reverse mortgage products sponsored by the Federal government (HECM and Home Keepers) although it may not be true for privately created reverse mortgage programs.
The benefit of the Federal programs is that you, your surviving spouse, or your estate, can never owe more than the loan balance or the value of your house, whichever is less. Your reverse mortgage lender cannot require repayment from you, your surviving spouse, or your heirs, or from any asset other than your house.
A Guide To Adjustable Rate Mortgage Loans
An effective tool used by home buyers, ARM or Adjustable Rate Mortgages, offers a lower interest rate at the beginning of the loan and the risk of a hike in rates is shared by the borrower and lender.
ARM, is ideal if you are certain about rising income expectations and short-term home ownership. There are four basic aspects. One is that the initial interest rate is fixed 1-3 percentage points lower than fixed rate mortgages. Second there is what is known as adjustment interval, when after the initial period has elapsed the rate is modified in keeping with prevalent rates. Third, an index against which lenders can measure the difference between the interest earned on the loan and what would be earned in actuality in other investments. And, fourth, the component added by the lender to the index, usually 1.5-2.5 percent. The American Mortgage Association has a membership program that explains this in detail to consumers and the risked involved.
An ARM has in addition, safeguards like interest rate caps. This limits the amount of interest rate that can be applied to the payment during adjustment. Normally this cap would be about 2% point cap over the life of the loan.
ARM is ideal when it lends you buying power. You can opt to buy a property with a higher value and still pay a lower initial monthly payment. If you know for certain that you will reside in the house you are buying for a maximum of 5-7 years then ARM is the mortgage that will save you money. If you are prepared to take risks then ARM offers the greatest possible savings especially if the rate stays steady or declines over the years.
There are special loan programs for physician mortgage loans and a doctor mortgage, which will offer lower rates with no private mortgage insurance.
ARM is a calculated risk as there are no certainties. However if at the end of five years your plans change and you are about to continue in the same home for another 10 years then it is prudent for you to switch from ARM to a fixed rate mortgage.
If you’re trying to acquire properties as an investor with greatest amount of cash flow then you should consider an ARM or Buy houses for cash.
Home Equity Loan After Bankruptcy
Getting a 2nd mortgage loan or home equity loan after a bankruptcy is possible, but it will cost more with higher rates and more points. However, loan applicants should be aware of certain disadvantages to bad credit loans. A bankruptcy is destructive to credit scores.
In reality, many financial experts discourage bankruptcies. Those who file Chapter 7 or Chapter 13 are subjected to higher finance rates on homes, cars, etc. Before applying for a 2nd mortgage, know what to expect and understand the basics of getting a reasonable rate. The American Mortgage Association offers information and rates for home owners who have had filed for bankruptcy in the past.
Expect Higher Finance Fees or Interest Rates
After a bankruptcy, many people are hesitant to apply for credit. They expect higher rates, which will also increase monthly payments. However, obtaining new credit accounts is crucial to re-establishing and building credit history. On the other hand, getting a lender to approve a credit card application after a bankruptcy is challenging. For this matter, some people choose to get a 2nd mortgage loan.
Getting approved for a 2nd mortgage following a bankruptcy is easier because the loan is secured by your home or property. Thus, if you stop paying on the loan, the lender may claim your property and resell it to recoup their loss.
While these loans are great for improving credit, applicants should not expect the best rates. Traditionally, 2nd mortgage loans have higher rates than first mortgages. However, if you have a recent bankruptcy, anticipate above average rates. To avoid a huge monthly payment, borrow a small amount of money.
Another option involves borrowing money, and depositing the funds into a savings account. Over the course of six months, repay the lender using the deposited funds. This way, you improve credit history and avoid the risk of not being able to repay the loan.
If you are a doctor or in the medical field, you are fortunate to have an option for physician mortgage loans, which don’t underwrite mortgage loans as stringent as non doctor home loans.
Using Sub Prime Loan Lenders For Best Rates
Applying for a 2nd mortgage with your current lender may not be the best option. If you obtained your first mortgage with good credit, the lender may not approve your loan application following a bankruptcy. Instead, contact several sub prime lenders. Sub prime lenders approve loans for all credit types. Hence, applicants can get approved after a bankruptcy, foreclosure, repossession, etc.
Furthermore, sub prime lenders usually offer better rates than traditional mortgage lenders or banks. Online mortgage brokers can help you find a bad credit or sub prime lender. Moreover, brokers offer applicants various loan options. As a result, loan applicants can select the lender offering the best rate and loan terms.
Sell Your Life Insurance
July 9, 2018 kfbk5k	Leave a comment
Selling Life Insurance
Instead of sinking more money into life insurance premiums, you could sell the policy and gain money for retirement with a fixed amount settlement option.
Life Insurance Policies Could Be a Cash Source for Seniors
Paying premiums for a life insurance policy makes sense when you hold a mortgage or have young children. As you move past those stages of life, your policy has the potential to become a source of retirement funds. By selling your life insurance with a single life settlement option, you could cash out a higher amount than you would by surrendering the policy to the original insurer or simply canceling it.
Who Can Sell Their Policies?
Likely candidates are 65 years of age or older and no longer need to maintain their policies. Those who will see the most benefit are policyholders who have an insurance policy of $100,000 or more.
Who Buys Life Insurance Policies?
Certain companies specialize in buying policies that appear likely to produce a return on the investment. These buyers will judge the value of your policy based on your premium amounts, the death benefits, and your life expectancy. The shorter your life expectancy, the more money you could expect to receive by choosing to sell your life insurance policy.
You can search out life settlement companies directly or work with a broker that will present the policy to potential buyers. The broker will then present you with a list of offers to compare and consider. In both approaches, you will need to share your health records and the details of your insurance policy.
Receiving money through a single life settlement option might impose a tax bill on you. When you are thinking about accepting an offer on your policy, you should discuss the consequences with a tax accountant. In some cases, the distribution might negatively influence your eligibility for government benefits like Medicaid.
Selling your policy represents a major financial decision. Under the right circumstances, it could enable a more comfortable retirement and free you of the need to keep paying premiums. You should weigh your current desire for money against your beneficiary’s need to collect the full death benefit.
May 2, 2018 kfbk5k	Leave a comment
Inpatient drug rehab services in a medically supervised environment with addiction medicine physicians and nurses could help you live a life free of drugs.
Move Past Addiction with Professional Help From Qualis Care
When you have an addiction, you may feel like your friends and family have moved on in life without you. Addiction can also affect your professional life, putting a halt to your dreams for a rewarding job or career. New Orleans Drug Rehab services for addiction to drugs could help you reestablish quality relationships with your family and allow you to work in a job that is meaningful to you. Let us help you live a drug- and alcohol-free life you’ve always dreamed of living.
Inpatient Services for Addiction
Addiction is a complex disease affecting every part of your body and mind, and inpatient services are designed to help you with every facet of your addiction. The initial assessment of your physical and mental health allows you to receive care that is specific to you. The detox process is performed in a medically supervised environment with nurses and doctors who are compassionate, respectful, and experienced in the area of addiction medicine. The New Orleans drug rehab centers process also includes intensive individual counseling to help get to the root of how your drug addiction got started.
Personalized Rehab Care
No two people are alike, and no two addictions are identical. The addiction medicine specialists, nurses, and counselors offer care that is individualized based on your needs. Each person is cared for in confidentiality and privacy, and no information is released without your permission. Women and men are housed separately for safety and privacy. From group counseling to personalized care, each person is treated as the individual that he or she is.
Who May Benefit from Inpatient Rehab Services?
Qualis Care offers inpatient rehab services for all adults who have an addiction. Anyone who is ready for help moving past his or her addiction is welcome. There are beds available for people with a variety of addictions, including opioid, alcohol, and others. As a part of the rehab services, people who need counseling for other mental health concerns can also receive counseling for those issues. The additional counseling could help to lessen the risk of relapse. These drug rehab services are designed to help you move past addiction so that you can get back to living a healthy and rewarding life.
Rehabs In Louisiana
April 26, 2018 kfbk5k	Leave a comment
Rehabs Louisiana
Rehabs in Louisiana facilities live up to the state’s focus on Southern hospitality with welcoming programs that support addiction recovery.
Making a Better Life for Those with Addictions in Louisiana
When one thinks of Louisiana, vivid images of Mardi Gras parades careening through New Orleans and feverish revelers are immediately conjured up, and this is for good reason. Indeed, few states are as famous for celebrating “the good life” as this one.
However, life is not so grand for those struggling with substance addictions, given all the temptations that exist alongside the local party life. In this kind of environment, it can be nearly impossible for someone dealing with substance use disorder to overcome the problem without professional assistance.
Emotional and psychological turmoil often contribute to addiction. For many addicts, the use of drugs and/or alcohol provides them with a means of dealing with the stresses of everyday existence. Once drugs or alcohol have taken hold, it can be very difficult to stop using. Fortunately for Louisianans in need of help for their substance use, the state is home to excellent rehabilitation centers that provide long-term care for those who seek to understand their addiction.
Rehabs in Louisiana Provide Proven Recovery MethodsIf you are a resident of Louisiana and need help with a drug or alcohol problem, there are highly regarded inpatient rehab programs available to you. As one of these excellent options, Qualis Care is committed to your drug recovery. Since our inception, we have helped many people successfully adjust to sober living by providing life skills programs designed to promote self-sufficiency without the use of drugs or alcohol. Beyond treatment programs focused on cognitive behavioral therapy, psychotherapy, and individual and group counseling, a number of rehabs in Louisiana offer halfway house programs to help individuals transition back into society.
A Foundation for Recovery
The goal of treatment at centers such as Qualis Care is to help clients maintain long-term abstinence from drugs and alcohol. By using individualized treatment, education, and proven tools that promote recovery, facilities like ours help patients learn to understand what’s behind their addictions and what they can do to overcome them.
As far as we’re concerned, when you decide to trust Qualis Care, you are not just a face to us, you are part of a family. Let us help you live the drug- and alcohol-free life you’ve always dreamed of. Contact us for help today.
April 5, 2018 kfbk5k	Leave a comment
Louisiana rehab facilities live up to the state’s focus on Southern hospitality with welcoming programs that support addiction recovery and they offer several facilities for Rehabs in Louisiana.
Rehabs in Louisiana Provide Proven Recovery Methods
If you are a resident of Louisiana and need help with a drug or alcohol problem, there are highly regarded inpatient rehab programs available to you. There are excellent options, for Rehabs in Louisiana which are committed to your drug recovery. Since our inception, we have helped many people successfully adjust to sober living by providing life skills programs designed to promote self-sufficiency without the use of drugs or alcohol. Beyond treatment programs focused on cognitive behavioral therapy, psychotherapy, and individual and group counseling, a number of rehabs in Louisiana offer halfway house programs to help individuals transition back into society.
October 6, 2017 kfbk5k	1 Comment
ACTION OF ALCOHOL ON INTERNAL ORGANS
Action on the stomach
The action of alcohol on the stomach is extremely dangerous that it becomes unable to produce the natural digestive fluid in sufficient quantity and also fails to absorb the food which it may imperfectly digest. A condition marked by the sense of nausea emptiness, prostration and distention will always be faced by an alcoholic. This results in a loathing for food and is teased with a craving for more drink. Thus there is engendered a permanent disorder which is called dyspepsia. The disastrous forms of confirmed indigestion originate by this practice. It is highly recommend to seek professional help and a find drug rehab near me or alcohol rehab near me center to help you recovery.
How the liver gets affected
The organic deterioration caused by the continued use of alcohol are often of a fatal character. The organ which most frequently undergoes structural changes from alcohol, is the liver. Normally, the liver has the capacity to hold active substances in its cellular parts. In instances of poisoning by various poisonous compounds, we analyze liver as if it were the central depot of the foreign matter. It is practically the same in respect to alcohol. The liver of an alcoholic is never free from the influence of alcohol and it is too often saturated with it. The minute membranous or capsular structure of the liver gets affected, preventing proper dialysis and free secretion. The liver becomes large due to the dilatation of its vessels, the surcharge of fluid matter and the thickening of tissue. This follows contraction of membrane and shrinking of the whole organ in its cellular parts. Then the lower parts of the alcoholic becomes dropsical owing to the obstruction offered to the returning blood by the veins. The structure of the liver may be charged with fatty cells and undergo what is technically designated ‘fatty liver’.
Drug & Alcohol Centers Nationwide
With the increase of addiction to drugs and alcohol, many states have facilities almost in every county of communities nationwide. Many drug rehab near me centers treat addiction to drugs and alcohol so don’t be fooled by the name drug rehab.
How the Kidneys deteriorate
The Kidneys also suffer due to the excessive consumption of alcohol. The vessels of Kidneys lose elasticity and power of contraction. The minute structures in them go through fatty modification. Albumin from the blood easily passes through their membranes. This results in the body losing its power as if it were being run out of blood gradually.
Congestion of the lungs
Alcohol relaxes the vessels of the lungs easily as they are most exposed to the fluctuations of heat and cold. When subjected to the effects of a rapid variation in atmospheric temperature, they get readily congested. During severe winter seasons, the suddenly fatal congestion of lungs easily affects an alcoholic.
Alcohol weakens the heart
Consumption of alcohol greatly affects the heart. The quality of the membrane structures which cover and line the heart changes and are thickened, become cartilaginous or calcareous. Then the valves lose their suppleness and what is termed valvular disorder becomes permanent. The structure of the the coats of the great blood-vessel leading from the heart share in the same changes of structure so that the vessel loses its elasticity and its power to feed the heart by the recoil from its distention, after the heart, by its stroke, has filled it with blood.
Again, the muscular structure of the heart fails owing to degenerative changes in its tissue. The elements of the muscular fiber are replaced by fatty cells or, if not so replaced, are themselves transferred into a modified muscular texture in which the power of contraction is greatly reduced.
Those who suffer from these organic deterioration of the central and governing organ of the circulation of the blood learn the fact so insidiously, it hardly breaks upon them until the mischief is far advanced. They are conscious of a central failure of power from slight causes such as overexertion, trouble, broken rest or too long abstinence from food. They feel what they call a ‘sinking’ but they know that wine or some other stimulant will at once relieve the sensation. Thus they seek to relieve it until at last they discover that the remedy fails. The jaded, overworked, faithful heart will bear no more. it has run its course and the governor of the blood-streams broken. The current either overflows into the tissues gradually damming up the courses or under some slight shock or excess of motion ceases wholly at the center.