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Rising healthcare premiums for primary care have caused many Americans to forgo vital coverage such as dental and vision care coverage.
On February 22, 2016 The Financial Survival Network hosted Jordan Goodman to encourage some of his great money answers. In an interview with Kerry Lutz, Jordan provided insight about the global stage of economy. He discusses projections of the future for not only America, but the global market, seeing as debt is going to play a big factor in the integrity of our economy.
Another holiday season has come and gone. Where did the time go? Now, as December’s bank and credit card statements begin arriving in the mail, you may be discovering that you spent more than you had planned on gifts, travel, food and other holiday-related expenses. According to a news story I heard recently, the average person spent just over $800 on gifts this year, and a good amount of that was purchased using credit cards. That could make for a less-than-festive couple of months, unless you act decisively.

If you’re looking into refinancing your student loans, SoFi may be able to significantly reduce the cost of that debt. SoFi is the leading provider of student loan refinancing and has funded $5B+ to over 60,000 borrowers nationwide – saving their average borrower around $14k.* Their competitive rates and member benefits are what have made SoFi the go-to student loan refinancing company for thousands.




Now that we are in the middle of the graduation season, you will find many stories about the mounting level of student loan debt. There are now over 40 million borrowers with an average balance of around $29,000. The total amount of debt is up to about $1.3 trillion and there will be tens of billions more by the time this graduation season is complete. That is a lot of money that must be paid back and therein lies the challenge for so many borrowers. It is estimated that over 13 million people have past due balances and that one out of every twelve student loans is in default.


The big three Credit Reporting Agencies (CRAs)—Equifax, Experian and Trans Union—have come to an agreement with the New York Attorney General, Eric Schneiderman, to overhaul the way they report consumer credit which will benefit consumers nationwide.

Would you like to be in the “driver’s seat” and design your own Auto Loan Payment? If you are one of the many Americans who have an auto loan, then I want to let you know about an opportunity that will let you reduce your monthly payment and put more of your hard earned dollars back in your pocket.

One of my trusted and recommended resources that will allow you to easily customize your auto loan by extending the auto loan term and lowering your monthly payment is LoanGEN. It is an easy to use tool that you can access at the following website: www.myLoanGEN.com.

Jordan Goodman recently appeared on Power Your Life with Dr. Jo Anne White.  

Click the link below to see the show.


I wanted to let you know about an important announcement about FHA mortgages. If you currently have one THIS IS IMPORTANT.

FHA mortgages used to be one of the most popular programs in the country and you may still have an FHA mortgage. From 2009 to 2014 the benefits of an FHA mortgage were drastically reduced because the cost of mortgage insurance went up sharply.

Announcing some GREAT NEWS!

As of January 26th, 2015 the cost of mortgage insurance on all new 30 year fixed rate FHA mortgages has been significantly reduced.

The average FHA customer could save over $900 a year without incurring any closing costs.

Thousands of FHA mortgage holders have been prevented from using the simple FHA Streamline Refinance in recent years because they did not have the required 5% down payment. This news solves that problem for many mortgage applicants.

How it works:

Anyone with an FHA mortgage knows that the only extra cost impediment is Mortgage Insurance. This comes in two parts - the M.I.P. (monthly insurance premium) and the UpFront Mortgage Insurance (which is financed into the loan). Over the past four years, the cost of M.I.P. has risen every year and it now stands at 1.35% on top of the mortgage’s interest rate.

For example, if your mortgage has an interest rate of 4.25% and your FHA Mortgage Insurance (M.I.P.) is equal to 1.35%, you are paying the combined rate of 5.60%. Now you can refinance with No Closing Costs to a rate of 3.75% with M.I.P. of .85% giving you a combined rate of 4.6%. On a $200,000 mortgage that could save you over $200 per month for 30 years!

If you are an eligible homeowner, this drop in monthly mortgage insurance comes on top of the lowest mortgage rates we’ve seen since June 2013.


Take action!

Remember - reducing your rate by even 1/4% for NO COST can save you 2 years of mortgage payments!

No Income Verification - That means your current income or debts do not matter.

No closing cost options are available -- That means the lender will pay your closing costs for you. So you save lots of money on your monthly mortgage payments.


FHA Streamline Refinances are the simplest mortgages available today.

No Appraisal Required - Your current market value does not matter.

Visit www.YouCanRefi.com or call 800-272-5626 to learn more about this extraordinarily rare opportunity. The experienced team at YouCanRefi.com will help you determine your benefits and your information is not sold to other companies (unlike if you call a lead generation company like Lending Tree).

I wanted to let you know about some dramatic changes in the federal government senior Home Equity Conversion Mortgage (HECM) program, which are commonly called Reverse Mortgages or the FHA insured reversed mortgage program. Many of you have heard me talk about the great benefits this program offers in the past for seniors aged 62 or older who want access to their home equity without having to sell or leave their homes.

This program was first launched under President Ronald Reagan to assist senior homeowners pay off their mortgages and other debts. It also allows seniors to take out cash for any reason including long term health costs, home improvements or to supplement their monthly income. In the past, the loan approval process was simply based on these factors: Your age and the value of your home. There was no requirement to prove your level of income or creditworthiness. Even if you had credit issues including a bankruptcy or foreclosure in the past, you could still get a reverse mortgage.

Staring March 3rd , all that is going to change. If you apply after that date you will be approved for a reverse mortgage based on your income, debts and credit rating. If your credit or income as shown on your tax return is not sufficient to meet the new guidelines set by FHA, the reverse mortgage lender will be required to hold back some of your loan proceeds to pay for future property taxes and property insurance. This might lower the amount you receive from a reverse mortgage by a large amount. Experts estimate that as many as 30% of the people who are now eligible for a reverse mortgage will no longer qualify after these new rules go into effect.

There is still time to apply under the existing guidelines, but you have to move fast. If you are interested in getting information on reverse mortgages and how they may be able to help you, I urge you to contact United Mortgage Bankers at www.smartmoneyreverse.com or call them at 855-979-0502 or 631-396-1809 and ask for Russell Silver.