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Gregg Marcus: Lending a Helping Hand to Senior Borrowers

Gregg Marcus

In a turbulent time in the mortgage industry, Somerset Mortgage Lenders stays ahead of its competition by lending a helping hand to senior borrowers. Along with saving seniors a lot of money with a reverse mortgage, many Somerset employees have gone the extra mile to make sure they remain friends with their borrowers by offering to lend a hand with home improvements. One example of this is when a recent customer was going to pay $450 to paint a fence on her property and her Senior Lending Specialist, Sean Miller, offered to do it for free on his day off. "It feels good to help people in their time of need, not only by creating financial freedom that will save them thousands but also to help by lending a hand in other ways", Sean stated. The borrower Inez Richardson remarked "Sean has given me my financial independence and a brighter look on the future. He has given so much for so little in return". "You have never stood so tall until you kneel to help a senior citizen" Sean said. Sean Miller is not the only an example of a Somerset Senior Specialist lending a helping hand. Because their product deals with people in times of need, our loan officers often encounter unfortunate situations. Another example of this is Vince Navarro, a team leader and Reverse Mortgage Specialist, recently helping a senior with no working bathroom living with basically an out-house accommodation, gain her bathroom facilities and her dignity back. "What’s great," Vince said, "is that we can remedy a situation not only for now but for the long term. Fixing the bathroom was my pleasure".
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Stock Market Cycles Control Retirement Accounts

Lee Smith

Newport News, VA.

Consultant Lee Smith is announcing the defensive strategy that avoids stock market collapses. At this present time the stock market is still down 40% from its 2007 peak and the economy is presently in a recession.

Lee Smith, analyst of stock market statistics is providing the defensive strategy that dictates the cycles of the stock market. Before a recession begins investors are able to exit the market when it is at a 1 year low and enter after a recession when the market is at its 1 year average. These are the only two phases that occur when the market corrects itself because there can only be one low point and one average point over any time period.

In a interview with Lee Smith, "a stock market cycle starts when the S&P 500 Index goes to a 1 year low, it will continue to go down until it stops. Once it moves up and crosses its 1 year average, the stock market as a whole continues going up until the next 1 year low. The chart of this Index tells you when to enter and exit mutual funds, this is a stock market fact."

The leading indicator for stock market collapses by professional Mutual Fund Managers and Wall Street Advisors is the S&P 500 Index. According to Morningstar Inc. money managers do not beat the Index on a long term basis causing it to be used as the bench mark for the overall market.

The index consist of 500 of the biggest companies in the world. Their stock prices rise and fall depending on their earnings which is a reflection of the economy. The companies in mutual funds are the same in the S&P 500 Index.

Mutual funds in a IRA or 401k have seen a huge decline in their value in 2008. The last time the stock market dropped this far was in 2001 and 2002.

Financial Planners state, "avoiding stock market collapses is the number one priority for retirement. If there is no defensive strategy that protects against losses then expect a substantial decrease in account value."

 

This general knowledge is found on http://www.LeeSmith.infowww.LeeSmith.info and is based on fact. Includes information on protecting retirement accounts during stock market cycles.

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