Reverse mortgages are loans against your home that require no repayment for as long as you live there. As opposed to regular mortgage loans, reverse mortgages have no income requirements and are based solely on the equity of your home or condo. There are no monthly payments to make as the mortgage is due only when the borrower is no longer living at the residence.
Reverse Mortgages Can Benefit Elderly
Reverse mortgages are available through lenders insured by the federal government and can be of great benefit to those who are eligible to apply. There are three types of reverse mortgages currently available in the United States, including Home Equity Conversion Mortgages (HECM), Fannie Mae (FNMA) Home Keeper and Financial Freedom Cash Accounts.
Deciding on Whether a Reverse Mortgage is For You
Many seniors want to enjoy their golden years, but are unable to find a way to increase their monthly income or decrease enough of their monthly expenditures in order to retire at an age that will afford them the opportunity to do so. One way to circumvent this problem is through obtaining a reverse mortgage. A reverse mortgage enables homeowners older than sixty two years of age to convert the equity in their homes into tax-free income while they continue to reside at their property.
Nursing Does More Than Pay the Bills
I initially chose my career in nursing for financial reasons. One of my friends had become a registered nurse and was making a very comfortable living. When we would get together, I would often ask her questions about the time commitment involved with becoming an RN and what she liked and disliked about the job. Being a close friend, she tried her best to paint an accurate picture for me of what her daily work was all about and certainly didn’t sugarcoat her position.
Online Education A Better Option for Businesses Than In-House Executive MBA Programs
Many businesses related companies offer executive MBA programs for their senior executives through an affiliation with a traditional university. While these programs are aimed at those who do not wish to take a break from their careers and enroll full time, they are certainly not exclusive in their purpose. With the popularity of online MBA programs on the rise, it seems only a matter of time before E-MBA programs will see a decline in number.
The Benefits and Detriments to Earning a Doctorate Degree
There is no question that earning a doctorate degree creates more career opportunities both in terms of salary eligibility and type of employment. Unfortunately, these opportunities come at the price of many years of foregone labor market earnings. Many doctorate degree candidates are unable to find work in their field while they are actively pursuing their degree, which can lower earnings even further over the course of their academic career.
The Benefits of an MBA Go Far Beyond Your Resume
Many in the business world associate an MBA with reaching the pinnacle of success while others view it as more of a requirement to be taken seriously in the employment market of the business world. While both viewpoints certainly have their merits, neither encapsulates the true purpose of earning a Master’s in Business Administration degree.
IT Educators Focus on Outsourcing Strategies, Open Source Technology
Many educational institutions offering IT curriculum are beginning to understand the importance of focusing on the administrative and managerial aspects of IT training. With outsourcing a regular occurrence in the industry and the popularity of open source technology on the rise, many colleges and universities have recently overhauled their IT programs to include additional curriculum related to these important facets of the IT world.
Career Building for Auto Mechanics
Auto mechanics entering the industry today face a wide range of challenges that supercede even the most technologically advanced fields, such as information technology and health care. Keeping pace with the constant myriad of changes that govern automobile mechanics lead many to consider other career options. For those who stay the course, however, there are ways to improve their skill sets and knowledge base while making themselves more marketable to employers.
Culinary School Graduates in Demand
In uncertain economic times, there a few things that will always remain constant. One of the constants, without question, is a person’s need to eat. Surprisingly, even fine dining establishments do well in both inclement and prosperous times, rarely feeling the crunch of economic uncertainty. This affects not only their availability for patrons, but for employees as well.
E-learning Technology Expands U.S. Enrollment
New technology has allowed educational institutions to take the distance out of distance learning, which has made online degree programs more popular than ever. “Growing by Degrees: Online Education in the US, 2005”, a report published last year by the Alfred P. Sloan Foundation, gives a very positive outlook on the future of online education. The report indicates that online enrollment in the US increased from 1.98m in 2003 to 2.35m a year later, a growth rate more than 10 times that predicted by the National Center for Education Statistics for the general post-secondary student population.
Educational Changes in the Field of Information Technology
As the information technology industry has grown, so have the related educational opportunities. Educational curriculum isn’t always the best gauge of industry changes within a particular field, although the rules which make that fact a plainly evident reality for most industries rarely apply in the modern world of information technology. In fact, unlike disciplines such as medicine, the very nature of the current IT industry promotes the idea that advancements in technology are only truly valid and successful when they are recognized and widely accepted by all.