http://www.55places.com/index.php en bill.ness@yahoo.com Copyright 2008 2008-11-13T13:45:34+00:00 http://www.55places.com/blog/articles/baby_boomers_changing_the_face_of_home_design http://www.55places.com/blog/articles/baby_boomers_changing_the_face_of_home_design 2008-11-13T13:45:34+00:00 http://www.55places.com/blog/articles/for_sale_by_owners_on_the_decline http://www.55places.com/blog/articles/for_sale_by_owners_on_the_decline 2008-11-04T12:12:05+00:00 http://www.55places.com/blog/articles/pain_at_the_pump_buy_a_golf_cart http://www.55places.com/blog/articles/pain_at_the_pump_buy_a_golf_cart 2008-10-25T0:00:00+00:00 http://www.55places.com/blog/articles/americas_best_beach_retirement_spots_for_2008 http://www.55places.com/blog/articles/americas_best_beach_retirement_spots_for_2008 2008-10-18T21:01:29+00:00 http://www.55places.com/blog/articles/speculators_returning_to_las_vegas http://www.55places.com/blog/articles/speculators_returning_to_las_vegas reported that declining home prices have some investors looking for bargains. As prices have dropped 25 percent in the last year and foreclosed properties have flooded the market, a growing, new breed of investors are hitting the streets trying to snatch up deals. Many of these new waves of investors are people from other countries looking to take advantage of the weak dollar. The mentality among these investors seems to be that there is a growing sense of urgency to buy while prices are low.]]> 2008-10-13T16:36:09+00:00 http://www.55places.com/blog/articles/7_secrets_to_a_healthy_retirement http://www.55places.com/blog/articles/7_secrets_to_a_healthy_retirement ]]> 2008-10-08T0:00:00+00:00 http://www.55places.com/blog/articles/jd_power http://www.55places.com/blog/articles/jd_power New-Home Builder Customer Satisfaction Study released last week.]]> 2008-10-02T0:00:00+00:00 http://www.55places.com/blog/articles/what_the_fannie_mae_and_freddie_mac_takeover_means_for_retirees http://www.55places.com/blog/articles/what_the_fannie_mae_and_freddie_mac_takeover_means_for_retirees 2008-09-25T0:00:00+00:00 http://www.55places.com/blog/articles/2838071_the_number_of_americans_turning_62_in_2008 http://www.55places.com/blog/articles/2838071_the_number_of_americans_turning_62_in_2008 2008-09-19T0:00:00+00:00 http://www.55places.com/blog/articles/the_best_home_financing_solutions_for_retirees http://www.55places.com/blog/articles/the_best_home_financing_solutions_for_retirees
Generally speaking, fixed rate mortgages, or FRMs, are a better option for retirees who are on a single-source fixed income. The decision to get a 30-year or a 15-year FRM depends entirely on the level of that income. A retiree should not have more than 30-35% of his or her monthly income going towards the mortgage payment, as the "other" costs of living can add up quickly, and funds should be kept available for any increases in medication or hospitalization expenses. The fixed rate mortgage helps to prevent the retiree from any "payment shock" in the future which may lead to a situation where he is unable to continue making payments.]]> 2008-09-11T23:49:00+00:00