Reverse Mortgage Loans: Better than a Second Mortgage from: There are so many different kinds of loans that it can be very hard to keep track of them all. Even with mortgage loans, there are so many different kinds. Take reverse mortgage loans, for instance. Most people don't even know that they exist.

If they need extra money, they get a second mortgage or a home equity loan instead. While these are valid options, they do provide more of a risk. Well, reverse mortgage loans are similar because they use your existing equity to give you money.

However, they are actually much better than what you would get with those other loans. Reverse mortgages work a little differently. Instead of giving you a new loan like a second mortgage or a home equity would do, it really just gives you cash on the equity that you've built up on your home. Equity is the amount your home is worth beyond what you already owe. For instance, if you have a house that is worth $150,000 and you still owe $100,000 on the original loan, that means you have built up $50,000 in equity. The big difference between reverse mortgage loans and other, similar loans is the repayment. With this federal loan, you don't have to repay it until you no longer live in that house. If you continue living in the house, you don't have to worry about paying it back. If you do sell your house, the portion that you received from reverse mortgage loans will be taken out of the money you get from the sale.Not everyone can reap the benefits of reverse mortgage loans, though.

Since this is a federal type of loan, they have very strict rules. For one, you need to be living in this house. It should be your main residence. It can also be either a single family home, or up to a four family residence. Finally, there is an age requirement. You need to be at least 62 years old in order to get one of these loans. These are the main rules regarding reverse mortgages. If you feel that you may qualify, it wouldn't hurt to give it a try. These loans are really much better than home equity or second mortgage loans. There are many benefits to reverse mortgages that you don't get with the other loans. These are especially helpful if you plan to live in your house for an extended period of time, because you won't have to pay it off until you plan to move.

This is one of the best mortgage loans out there and worth the trouble in order to receive it.

Since MarketClub’s tools can be used for stocks, futures, forex, mutual funds, and ETFs

MarketClub’s Chart Portfolio allows you to create a personalized watch/active trading list which can be instantly analyzed, reviewed, downloaded, or studied for quick market analysis. Since MarketClub’s tools can be used for stocks, futures, forex, mutual funds, and ETFs, you can see your diverse portfolio holdings in one glance. You can arrange your portfolio symbols alphabetically, by percentage change, or by your own preference. Our powerful processors will even send you a nightly email giving each symbol in your portfolio a score based around the market action and various timing thresholds.

Smart Scan helps you to quickly find winning trades in stocks, futures, mutual funds, precious metals and foreign exchange. Our proprietary scanning tools identify charting patterns that are primed for large moves. Since every trader is different, we provide scans for over 24 different charting patterns. This allows traders to choose trend directions or trending strengths that bests fit their style. Once you find a charting pattern, you then use our filtering tools to pick out markets that fit your personal volume, price, or exchange criteria.

Trade School is your own personal trading university where you set the curriculum with some of the most well known professional traders in the world. These audio (MP3) seminars and PDF workbooks will have you following along with trading greats like Linda Raschke, Mark Cook, and Chuck LeBeau. These seminars cover various trading techniques and information on foreign exchange, futures, day trading, money management, stocks, psychology, indexes, options and more.

In addition to the Trade School seminars we have online, we also have constantly updated training videos that show you how to get the most our of the market and MarketClub. Adam Hewison and INO.com staff create these special flash videos for MarketClub members. Judging from the feedback we have received from our members, it’s a feature that is heavily used and well liked. It’s all included in your MarketClub membership.

MarketClub also provides charting tools that will give you those extra features that you may not currently have on your online discount broker platform. BARRONS business magazine said it best, …a terrific charting tool, they also recommended to their readers to keep an eye on this site even if you’re not ready to dive in; it’s poised to keep growing.

Out of all of MarketClub’s tools, members find our proprietary algorithm, Trade Triangle, to be the most impressive. The Trade Triangle algorithm places green and red signals on daily, weekly, monthly or quarterly charts. These triangles represent changes in trend, and when used on two time frames, confirm trend direction and put the odds in your favor that a trend will continue opposed to reversing. By using our suggested Trade Triangle technique, members can know when to get into big moves or when to sit on the sidelines and wait. The Trade Triangle methodology can be adapted for various markets and for multiple types of traders, making this the perfect tool for someone who has diverse portfolio holdings.

In addition to our Trade Triangle approach, our Charting Tool comes complete with a set of technical tools that are easily integrated with various trading styles. With over 23 other technical analysis studies, these charting tools can be used to fit any trading purpose.

With our Charting Tool, you can create a bar, line, scatter or candlestick chart with just a click of your mouse. Once you find the perfect chart type and combination of studies, you can save this charting template to our servers and recall it at any time. Even when you pull up a new symbol, the applet will remember all of your settings so you don’t have to recreate them all over again. Our members tell us that this is one of their favorite MarketClub tools.

The Charting Tool can chart in 1, 5, 15, 30, and 60 minute increments. In addition to intra-day data, you can also chart data on a daily, weekly, monthly or quarterly basis
Our Data Central tool allows you to access downloadable historical data. If you have a special trading program, spreadsheet, or back-testing program, you can access historical data in comma-delimited, tab-delimited, ASCII or metastock format. We carry this information in 1 minute, 15 minutes, 1 hour and daily time intervals on 165,000 symbols. Traders that need end-of-day data can use this tool to collect all the information they may need
What exchanges does MarketClub cover?

National Association of Securities Dealers Automated Quotations (NASDAQ)
New York Stock Exchange (NYSE)
American Stock and Options Exchange (AMEX)
Toronto Stock Exchange (TSX)
Canadian Venture Exchange (CDNX)
New York Mercantile Exchange (NYMEX/COMEX)
New York Board of Trade (NYBOT/CSCE/NYCE)
Chicago Mercantile Exchange (CME)
Chicago Board of Trade (CBOT)
Intercontinental Exchange (ICE)
Kansas City Board of Trade (KCBT)
Minneapolis Grain Exchange (MGEX)
Realtime Foreign Exchange (FOREX)

Chat with real traders and learn from the co-creator of MarketClub, Adam Hewison, and chat with other trading professionals. The Trader’s Blog allows members to share ideas with fellow traders along with the MarketClub team. We answer questions from traders around the world, post tips, share trading ideas, and post online market analysis videos based around MarketClub’s methodology and tools.

News, news, news, call it information overload. Everyday we are bombarded with a plethora of news stories. But, what if you could just read about the news that affects the market you trade? With our News Scan tool, you can set up a scan to find stories on only the markets that you want to know about.
MarketCub has Associated Press, RTT (Real-Time Trader) News and Dow Jones News, top international and domestic news services whose wires come directly into MarketClub. Now it’s easy to manage and customize your own personal financial news feed and read only the news you wish to read.

Have you ever missed a huge move and wish someone would have just shot you a message saying, this symbol has just had a +2% net change, or this symbol has just broken out above $12.43, or a green ‘Trade Triangle’ has just been triggered on a daily chart.
Being immediately notified of these occurrences can save you from missing big moves or taking big losses. You can set these Alerts to notify you of net changes, new highs and lows, changes in trend score, breakouts and when our proprietary Trade Triangles have been issued for one or all of the symbols that you’ve added to your portfolio.