NLIC.org

Mary Said:

self acquired house property?

We Answered:

When there is a will, it comes in to force mostly after the lifetime of the person written will. So after probating will the beneficiary can go for reverse mortgage.

Alternatively if the person written will is alive, she herself can apply for reverse mortgage loan.

Dolores Said:

low or no interest credit cards?

We Answered:

You are right. The promotional cards can be used effectively by people like you. You just have to read the rules and restrictions carefully. Banks issue the promotional cards because most people who borrow the money wind up spending it and then paying interest on it when the promotion period is over. Only 30 percent of card holders pay off their cards in full and avoid interest charges. The rest become victims when they take the bait and the free period ends. As long as you can manage your money wisely, you can take advantage of the offers.