With the dramatic increase in senior citizens turning to reverse mortgages as a way to finance their retirements, the importance of having ethical reverse mortgage brokers has increased dramatically as well. Ethical standards for reverse mortgage lenders have been established in the National Reverse Mortgage Lenders’ Association Code of Conduct, but not all reverse mortgage brokers deal with members of the NRMLA.
What Your Broker Should Tell You
Many people who decide to take a reverse mortgage rely on their reverse mortgage brokers for information about the costs of the process about which an ethical reverse mortgage broker will be forthcoming. Yours should be willing at the very least to tell you the following:
• The cost of your application fee may not be refundable, so potential borrowers clarify that in advance. The application fee covers the cost of a home appraisal and a check to determine if the potential borrower is in arrears on any other federally-insured loans.
• Closing fees can be added to the loan itself, but if they are, will accrue interest. Some of closing fees are comparable to the closing fees of regular mortgages, but others are strictly designed as part of the reverse mortgage process. The origination fee and continuing loan servicing fees will differ widely among reverse mortgage lenders.
• At the loan’s termination, there may be shared equity or value appreciation fees assessed. If so, they will entitle the reverse mortgage broker to a share of your home’s residual value.
If you find reverse mortgage brokers hesitant to discuss these fees, immediately see warning signs and look elsewhere. Reverse mortgage brokers who take advantage of the ignorance of prospective borrowers are, unfortunately, far more common than one would like to think.
The sum you will actually receive for your reverse mortgage payment, whether you take it as a single amount, in monthly payments, or as a line of credit, can differ by thousands or tens of thousands of dollars, depending on the abilities and honesty of the reverse mortgage brokers with whom you consult. For more info see on Reverse Mortgage Brokers.
Take Your Time
Take the time to shop among reverse mortgage brokers for the lowest fees; if you have family members or friends who have taken out reverse mortgages, ask them about their experience and whether they are satisfied with the performance of their reverse mortgage broker; if there are senior citizens advocacy groups in your community, find out whether they can recommend any reverse mortgage brokers.
Make sure your reverse mortgage broker finds the loan which is right for your needs; you have the right to a retirement as worry-free as you can make it!
Stoney Larue Feet Don T Touch The Ground
It is believed that Mayans had discovered and used the zero even before the Europeans. Their magnificent, breathtaking architecture is awe-inspiring. Several archaeological sites are open to the public and four of them are most visited by the public. Let’s discuss some of the more famous Mayan structures in Belize:
Altun Ha
Located north of Belize City, Altun Ha is called water of the rock. The ruins of Altun Ha are famous for various reasons. The largest and unique Jade head sculpture of Kinich Ahau which symbolizes the Maya’s Sun God, was found here during excavations.
During the Classic Period (from 250 to 900 A.D), Altun Ha was the main ceremonial center as well as a key trading center connecting the Caribbean shores with Maya’s prime areas. The largest temple of the Masonry Altars in Altun Ha is 54 feet high. Altun Ha is a favorite to many who vacation in Belize.
El Pilar
Visited by many vacationers, El Pilar is unique in that it has only been partially excavated to intentionally allow visitors to experience the vastness of the jungle that has overcome this once large and important site. The site is on the Belize-Guatemala border with entry to the site being only 7 miles from Bullet Tree Falls, Cayo District.
El Pilar consists of several excavated chambers and court yards that are open to visitors, as well as many temples and mounds left as they were discovered. El Pilar is also popular with birders on a Belize vacation and the Emerald Toucanet is commonly sighted. In the canopy Howler Monkeys can be observed lounging tranquilly. El Pilar is an excellent choice for those on a Belize vacation in or around San Ignacio.
Caracol
This a very popular site with Belize vacationers. Surrounded by jungle, the ruins of Caracol contain enormous structures, haunting tombs and fascinating carvings which give a glimpse of the people who lived in this intriguing city. Caracol, meaning snail, was discovered in 1938 though its excavation started only in 1985. The largest pyramid in Caracol, the Canaa, standing at 140 feet, is the tallest man-made structure in Belize.
Caracol is in the Cayo District. Many tour guides are available to take you to this fantastic Mayan site. If your Belize vacation is taking you to the Cayo District, Caracol would be a great choice to visit.
Lubaatun
This is an interesting site in the south of Belize. It is noted for the curvature of it architecture that was amazingly assembled without mortar. Lubaatun is also in the center of the Crystal Skull controversy. A British explorer allegedly discovered a crystal skull at this site in the 1920’s. To this day modern science is unable to duplicate such a skull. The largest structure at Lubaantún rises 36 feet above the plaza floor. From the summit of this structure there is a beautiful view of the foothills of the Maya Mountains and the Toledo coastal plains. The center of the site lies along a ridge top twenty miles from the sea. In contrast to other sites, the Maya of Lubaantún took to shaping the ridges and slopes of the hilltop rather then leveling it off. The ceremonial center of this site has 11 major structures grouped around five main plazas. While on your Belize Vacation Lubaatun is a must see.
Xunantunich
It is known as Maiden of the Rock. The 135-foot tower "El Castillo" in Xunantunich is the second tallest structure in Belize after Canaa in Caracol. Xunantunich is a short drive from San Ignacio and is near the Belize-Guatemala border. It is a favorite of thousands of Belize vacationers every year. The site is well cared for and a great place to learn of the mysterious Mayan and have a great day exploring. From atop El Castillo you can gaze across miles of beautiful jungle and into Guatemala. Another favorite of visitors to the site is the ride across the Mopan River on a hand cranked auto ferry.
These are many more Maya ruins in Belize. Whenever you are on vacation in Belize make it a point to explore the magnificent structures and architecture of Maya ruins. Allow reliable and efficient Belize Vacation Planners to provide a great vacation packages and to arrange a comfortable hotel or vacation rental in Belize for you.
Belize is very easy to reach. In fact major airlines such as American, Continental, US Air, Delta, and Taca Airlines run daily flights of about two hours from several U.S. cities to Belize International Airport.
Both Wade Robins & Wilson29 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Wade Robins has sinced written about articles on various topics from Bathroom Decor, Motorola Cell Phone and Dieting. You can also find more info on and. Wade Robins's top article generates over 135000 views. to your Favourites.
Wilson29 has sinced written about articles on various topics from Real Estate, Travel and Leisure and Finances. Edward Wilson is a well-known travel journalist. He has written fascinating articles extensively on and. Wilson29's top article generates over 9900 views. to your Favourites.
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