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Digital Currency - Cashless Society and Future of Money

  What can replace cash? Due to lots of innovation in this 21st century, nothing seems impossible around the globe. Reality is in front of us, as money will strip off its tangibility and cryptocurrency will appear out as individual units for virtual exchange. This requirement can be fulfilled with the help of Internet, iPhone or any Android-Gadget. Cashless transactions are practiced globally. Various countries like India, Sweden, and Belgium etc... have taken a back step from paper currency. Sweden has an objective to become the first country in terms of cashless economy. Two years ago, demonetization took place in India and most of the population in Belgium does their payment through cards or mobile phone apps. Even, there is a creation of law to limit the cash transactions up to a certain amount. The capability of digital currency Exchange There is a great opportunity for everyone to invest in tokens. The waves related to Cryptocurrency may give an allowance to receive the tokens w

The Reverse Mortgage Advantage


Reverse Mortgage is a type of loan which is available for senior citizens. These are very good types of loan that help for eligible home owners can get Tax free cash flow. After the retirement most of the people already used reverse mortgage. This mortgage is a Govt. sponsored & insured loan. Its main advantage is that the eligible person no needs to pay any thing for the period of time till he lives in his home.

There are three types of reverse mortgage is available, these are:
1. Federally insured
2. Lender insured
3. Uninsured

These three reverse mortgage products are:
1. Home Equity Conversion Mortgage
2. Fannie Mae Home Keeper reverse mortgage
3. Cash Account

The mortgage products defer upon
1. Residential property
2. Payment types
3. Loan amount
4. Processing fees
5. Interest on the loan balance

Cost and interest rates of Reverse Mortgage:

Getting a reverse mortgage loan through a private organization’s lender is a high cost factor. For this type of mortgage’s exact cost depends on the particular the borrower acquires. In United States the most popular reverse mortgage is the FHA-insured Home ‘Equity Conversion Mortgage’. In every case the cost of reverse mortgage is being financed of the loan amount itself.

The overall demand of Reverse mortgage:

In December 2007 the Senate Committee is discussing that the mortgage institutions are applying aggressive marketing and sales techniques to attract senior homeowners to take reverse mortgages. As a result of this a huge populations of seniors are turning 63 every year in US and then they are demanding for reverse mortgage loans, and its rises every year. There was a growth of almost 56% in these types of loan in 2006 from 2005. The Federal Government in December 2007 removed the restrictions on the number of outstanding reverse mortgage loans. They would underwrite at any given time, prior to the new legislation. The reverse mortgage loans original limit was 275,000.


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