Cina Marketing Inc.

According to a Harvard study in 2007, over 62% of bankruptcies in the US are due to medical debt. 75% of those filing bankruptcy have medical insurance! That makes the cost of health care arguably the most important financial challenge we face.

I have found a way to protect myself from the out-of-control costs of health care and I am going to share it with you here. I now have a health care advocate who ensures that I pay the absolute minimum for any medical, dental or prescription services I need, usually getting the cost reduced by 40 to 80 percent!

The Kevin Flynn, the founder of the company that protects me actually created the health care advocacy industry eleven years ago. His team is comprised of nursing executives, attorneys, billing and coding experts and doctors and they get their amazing results by auditing medical bills (94% are wrong), winning extensions to insurance coverage and even getting grant money to pay for medical procedures for people without insurance. Sign up today!

You normally pay an annual fee to be a member then you pay for service based on a percentage of the savings when they lower a medical cost. One of their clients for example, had a hospital bill of $33,817 after recovering from a heart attack. They got his payment down to $2,800.

The US Department of Health and Human Services now recommends that everyone should have a health care advocate. In fact, more than 3,200 companies now provide health care advocates for their employees including major corporations like Citigroup, Home Depot and General Electric.

If you go to the following link, you can get FREE membership in Health Care Advocates CAP program! It will cost you all of $7.95 for processing and you will save $200 per year on the cost of membership alone!

Do not wait – this is a special promotion. Just promise me you will send this email to everyone you know. If this online marketing is successful, the company won’t need expensive advertising and we can keep the free membership offer going.

Here is that address: http://www.reduceyourmedicalbills.com

Go there now and read about Health Care Advocates, Inc. then sign up for free membership. It will only take 10 minutes – then forward this email to everyone you care about!

The following are a few links to different publications. As always, if you would like information please let me know. “There is no obligation…Just education” Have a great weekend, Joe

Article 1: Reverse Mortgage Daily (Article Link) – Reverse mortgage lenders endorsed ??5,279 HECM units in October, down ?11.5% from September.  According to Reverse Market Insight, the decline was widespread, with the Southwest and Great Plains seeing the only increases during the month.

Article 2: Reverse Mortgage Daily (Article Link) – Ginnie Mae announced it guaranteed more than $33.8 billion in mortgage-backed securities (MBS) in September.

Article 3: FOX 40 (WICZ.com) (Article Link) – As the economy continues to sputter people are looking for ways to make ends meet. In a segment of “Ask the Advisor,” Greg Lesko of Lesko Financial explains what a reverse mortgage is and why it might be right for certain homeowners. The video can be viewed here.

Joseph Cina
Reverse Mortgage Professional +++
NMLS# 162802
    

Reverse mortgage related articles for today.

If you would like information about reverse mortgages, JUMBO Reverse Mortgages or the New HECM Saver let me know. You can email me or go to my contact site to request information. Thanks and enjoy! Joe

Article 1: SmartMoney.com (Article) – The sputtering economy may have left millions of homeowners underwater on their house payments, but it has also boosted the popularity of reverse mortgages—loans that let cash-strapped, house-rich homeowners 62 and older convert decades of equity into dollars

Article 2: Akron.com (Article Link) – The U.S. Department of Housing and Urban Development (HUD) has announced a new reverse mortgage alternative aimed at cash-strapped seniors who are looking to reduce the up-front costs of tapping their home equity in exchange for lower loan proceeds.

Todays reverse mortgage related article.

If you would like information about reverse mortgages, JUMBO Reverse Mortgages, the New HECM Saver, or other products let me know. You can email me or go to my contact site to request information. Thanks and enjoy! Joe
Remember “There is no obligation…Just education”

US News & World Report Online (Article Link) – In a US News & World Report online blog story, the guest poster refers to reverse mortgages as one of three ways that retirees can get more money out of their home in retirement.

The following are several reverse mortgage related articles. If you would like information about reverse mortgages, JUMBO Reverse Mortgages, the New HECM Saver, or other products let me know. You can email me or go to my contact site to request information. Thanks and enjoy! Joe
Remember “There is no obligation…Just education”

Article 1: CBS Money Watch (Article Link) – In a retirement saving education article, the author proposes taking out a reverse mortgage as one of three essential strategies.

Article 2: Reverse Mortgage Report (Article Link)- Nightly Business Report says good news for older homeowners is coming in October, in the form of the HECM Saver. With the Federal Housing Administration releasing a new low cost reverse mortgage program on Oct. 4, NBR’s Benno Schmidt looks at one elderly mans experience with the loan in its “Money Profiles” segment.

Article 3:  Reverse Mortgage Daily (Article Link) – ?A new report from the Society of Actuaries says that despite the financial turmoil in recent years, American’s retirement concerns changed little from 2007.

Joseph Cina
Reverse Mortgage Professional
NMLS# 162802
www.JoeCina.com

The following are several reverse mortgage related articles. If you would like information about reverse mortgages, JUMBO Reverse Mortgages, the New HECM Saver, or other products let me know. You can email me or go to my contact site to request information. Thanks and enjoy! Joe
Remember “There is no obligation…Just education”

Article 1: AARP Bulletin (Syndicated from yesterday’s Baltimore Sun Article) (Article Link) – Monthly insurance premiums on new loans went up last week, making an expensive product even more so. But the Department of Housing and Urban Development has offset that rise by introducing another reverse mortgage — the Home Equity Conversion Mortgage Saver — which slashes the upfront cost.

Article 2: Today News Online (Article Link) – Last week monthly insurance premiums on new loans went up, making something that is normally pretty expensive, even more expensive. However, the Department of Housing and Urban Development has countered this negative by introducing a different reverse mortgage. It’s called the “Home Equity Conversion Mortgage Saver”.

Article 3: StockMarketsReview.com (Article Link) – Reverse mortgage can be very tempting for many people especially those who badly need a stable source of cash.  This loan is very attractive because there are no monthly payments.  However, you have to remember that everything will be paid when you will close the loan.  And there are costs involved when taking out this kind of loan. 

Article 4: Reverse Mortgage Daily (Article Link) – Coaster Appraisal Group announced that it is expanding the company’s full services to the reverse mortgage industry. The nationwide appraisal management company already has a group of clients that includes Genworth, Reverseit, Live Well Financial, Generation Mortgage and more.

Article 5: Reverse Mortgage Daily (Article Link) – The growing number of “strategic defaults” in the forward mortgage world may be searching for an available host in the reverse sector. Once regarded as shameful, an eye-opening one-third of mortgaged householders today – typically underwater and owing more than the property is currently worth – are simply “walking away” from their housing debt. This compares with 22 percent a year ago, according to the Chicago Booth/Kellogg School Financial Trust Index.

Article 6:  Reverse Mortgage Daily (Article Link) – When the media covers reverse mortgages it’s almost always about one thing, fees. Sure, fees and costs are an important subject, but the San Francisco Chronicle is reporting on how reverse mortgages are holding up in this economy even though many homeowners may find themselves under water on the loans.

Article 7: Senior Housing News (Article Link) -The Obama Administration continues to put strong emphasis on curing the nation’s housing ills and as part of its prescription the U.S. Department of Housing and Urban Development recently announced the availability of more than $5.1 million in grants for housing counseling training.  The goal is to provide additional funding to eligible organizations to provide increased quality housing counseling to the nation’s homeowners, buyers and renters.

Joseph Cina
Reverse Mortgage Professional
NMLS# 162802
www.JoeCina.com

Here is an article from RMD October 7th, 2010  |  by admin Published by http://reversemortgagedaily.com
Enjoy, Joe

While it’s too early to know how the market will react to the HECM Saver, it’s certainly good news for reverse mortgage borrowers.

In response to market demand, the Federal Housing Administration said it modified its reverse mortgage products to meet the needs of consumers.  The new Saver and the HECM Standard provide consumers the needed flexibility and financially beneficial options for utilizing their home equity as part of their financial planning.

However, ?Jeff Lewis, Chairman of Generation Mortgage, told Mortgage Servicing News that the changes will create “a little bit of uncertainty in the short term in the marketplace.”  While the Ginnie Mae HMBS market has already determined market clearing levels for the securities, the new products also require the market to find a level on each of them.

?Lewis does expect to see “a lot of borrower activity” right away, which is why he said the industry has to get “the capital markets side of it straight as fast as possible.”

?According to Lewis “there’s a couple of negatives to be aware of.” The ongoing mortgage insurance premium or MIT all borrowers pay each year to FHA will change from half a point to 1.25 points so the net effect is that what the borrowers will pay will be higher.

So far pricing for the HECM Saver is better than originally expected.  Some companies have come out stronger than others, but it’s to soon to tell where pricing will end up.

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