Tim Andrus Posted September 20, 2011 Report Share Posted September 20, 2011 Starts this friday headed out early (7-8 hour drive) hunting with my friend Jerry Cahill of Whitetails Only Outfitting.. www.whitetailsonlyoutfitting.com 740-222-9255 This is just a quick 3 day hunt for bow opener hoping to catch a big one feeeding in the beans. Wiil be going back all season ,unless I tag out this coming weekend. Cant wait! have all my trusty texters on board for texts and pics as well. Will update as I can before I leave. weather is looking good high in 60better than Manitoba a few weeks ago lol Quote Link to comment Share on other sites More sharing options...
wyohunter Posted September 20, 2011 Report Share Posted September 20, 2011 puncture a biggen my friend Quote Link to comment Share on other sites More sharing options...
Tominator Posted September 20, 2011 Report Share Posted September 20, 2011 Ain't no big deer in Ohio, but if y'all want to come, I guess that'd be OK. Good luck Tim. If you get bored (which I doubt), give me a holler. Quote Link to comment Share on other sites More sharing options...
Immunkneubs Posted September 20, 2011 Report Share Posted September 20, 2011 beholden relief 1. What is a reverse mortgage? A reverse mortgage calculator reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage. You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing. 2. Can I qualify for FHA's HECM reverse mortgage? To be eligible for a FHA HECM, the FHA requires that you be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan, and you must live in the home. You are also required to receive consumer information free or at very low cost from a HECM counselor prior to obtaining the loan. You can find a HECM counselor online or by phoning (800) 569-4287. 3. Can I apply if I didn't buy my present house with FHA mortgage insurance? Yes. It doesn't matter if you didn't buy it with an FHA-insured mortgage. Your new FHA HECM will be FHA-insured. 4. What types of homes are eligible? To be eligible for the FHA HECM, your home must be a single family home or a 1-4 unit home with one unit occupied by the borrower. HUD-approved condominiums and manufactured homes that meet FHA requirements are also eligible. 5. What's the difference between a reverse mortgage and a bank home equity loan? With a traditional second mortgage, or a home equity line of credit, you must have sufficient income versus debt ratio to qualify for the loan, and you are required to make monthly mortgage payments. The reverse mortgage is different in that it pays you, and is available regardless of your current income. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home, sales price or FHA's mortgage limits, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you may borrow. With a HECM, you don't make monthly principal and interest payments, the lender pays you according to the payment plan you select. Like all homeowners, you still are required to pay your real estate taxes, insurance and other conventional payments like utilities. With an FHA HECM you cannot be foreclosed or forced to vacate your house because you "missed your mortgage payment." 6. Will I still have an estate that I can leave to my heirs? When you sell your home, you or your estate will repay the cash you received from the reverse mortgage plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or to your heirs. 7. How much money can I get from my home? The amount you can borrow depends on: Age of the youngest borrower Current interest rate Lesser of the appraised value of your home, the HECM FHA mortgage limit for your area or the sales price The initial Mortgage Insurance Premium (MIP) option you choose (2% HECM Standard option or .01% HECM Saver option) You can borrow more with the HECM Standard option. Also, the more valuable your home is, the older you are, and the lower the interest rate, the more you can borrow. If there is more than one borrower, the age of the youngest borrower is used to determine the amount you can borrow. For an estimate of HECM cash benefits, select an online calculator from the HECM Home Page. You can use an like the one on the AARP website to get an idea of what you may be able to borrow. 8. Should I use an estate planning service to find a reverse mortgage? FHA does NOT recommend using any service that charges a fee for referring a borrower to an FHA lender. FHA provides this information free, and HECM housing counselors are available for free or at very low cost, to provide information, counseling, and a free referral to a list of FHA-approved lenders. Search online or call (800) 569-4287 toll-free, for the name and location of a HUD-approved housing counseling agency near you. 9. How do I receive my payments? You have five options: Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence. Term - equal monthly payments for a fixed period of months selected. Line of Credit - unscheduled payments or installments, at times and in amounts of your choosing until the line of credit is exhausted. Modified Tenure - combination of line of credit with monthly payments for as long as you remain in the home. Modified Term - combination of line of credit plus monthly payments for a fixed period of months selected by the borrower. fha reverse mortgage1. What is a reverse mortgage? A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage. You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing. 2. Can I qualify for FHA's HECM reverse mortgage? To be eligible for a FHA HECM, the FHA requires that you be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan, and you must live in the home. You are also required to receive consumer information free or at very low cost from a HECM counselor prior to obtaining the loan. You can find a HECM counselor online or by phoning (800) 569-4287. 3. Can I apply if I didn't buy my present house with FHA mortgage insurance? Yes. It doesn't matter if you didn't buy it with an FHA-insured mortgage. Your new FHA HECM will be FHA-insured. 4. What types of homes are eligible? To be eligible for the FHA HECM, your home must be a single family home or a 1-4 unit home with one unit occupied by the borrower. HUD-approved condominiums and manufactured homes that meet FHA requirements are also eligible. 5. What's the difference between a reverse mortgage and a bank home equity loan? With a traditional second mortgage, or a home equity line of credit, you must have sufficient income versus debt ratio to qualify for the loan, and you are required to make monthly mortgage payments. The reverse mortgage is different in that it pays you, and is available regardless of your current income. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home, sales price or FHA's mortgage limits, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you may borrow. With a HECM, you don't make monthly principal and interest payments, the lender pays you according to the payment plan you select. Like all homeowners, you still are required to pay your real estate taxes, insurance and other conventional payments like utilities. With an FHA HECM you cannot be foreclosed or forced to vacate your house because you "missed your mortgage payment." 6. Will I still have an estate that I can leave to my heirs? When you sell your home, you or your estate will repay the cash you received from the reverse mortgage plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or to your heirs. 7. How much money can I get from my home? The amount you can borrow depends on: Age of the youngest borrower Current interest rate Lesser of the appraised value of your home, the HECM FHA mortgage limit for your area or the sales price The initial Mortgage Insurance Premium (MIP) option you choose (2% HECM Standard option or .01% HECM Saver option) You can borrow more with the HECM Standard option. Also, the more valuable your home is, the older you are, and the lower the interest rate, the more you can borrow. If there is more than one borrower, the age of the youngest borrower is used to determine the amount you can borrow. For an estimate of HECM cash benefits, select an online calculator from the HECM Home Page. You can use an like the one on the AARP website to get an idea of what you may be able to borrow. 8. Should I use an estate planning service to find a reverse mortgage? FHA does NOT recommend using any service that charges a fee for referring a borrower to an FHA lender. FHA provides this information free, and HECM housing counselors are available for free or at very low cost, to provide information, counseling, and a free referral to a list of FHA-approved lenders. Search online or call (800) 569-4287 toll-free, for the name and location of a HUD-approved housing counseling agency near you. 9. How do I receive my payments? You have five options: Tenure - equa the reverse mortgagel monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence. Term - equal monthly payments for a fixed period of months selected. Line of Credit - unscheduled payments or installments, at times and in amounts of your choosing until the line of credit is exhausted. Modified Tenure - combination of line of credit with monthly payments for as long as you remain in the home. Modified Term - combination of line of credit plus monthly payments for a fixed period of months selected by the borrower. 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Dawg Posted September 20, 2011 Report Share Posted September 20, 2011 Good luck Tim! Quote Link to comment Share on other sites More sharing options...
dbHunterNY Posted September 20, 2011 Report Share Posted September 20, 2011 Best of luck. Can't wait for some updates. Activity seems to be picking up everywhere with the cooler temps. Quote Link to comment Share on other sites More sharing options...
Rhino Posted September 20, 2011 Report Share Posted September 20, 2011 Good luck Tim...you're hunting in the land of giants so bag a BIGUN! Quote Link to comment Share on other sites More sharing options...
NBomb500 Posted September 21, 2011 Report Share Posted September 21, 2011 Good Luck Tim! Cooler weather means those big boys will be out a little bit more. Hey I'm getting into bow hunting this year! Shot over the weekend and had a blast! Might just try to stick one if I get a big boy spotted! Otherwise bringing out the lever-action 284 savage (open sights). Keep us posted, its fun followin along with ya!!! Quote Link to comment Share on other sites More sharing options...
RangerClay Posted September 21, 2011 Report Share Posted September 21, 2011 Good luck Tim! Quote Link to comment Share on other sites More sharing options...
mikebohio Posted September 21, 2011 Report Share Posted September 21, 2011 good luck tim. they are moving good right now on this side of ohio. Quote Link to comment Share on other sites More sharing options...
Tim Andrus Posted September 22, 2011 Author Report Share Posted September 22, 2011 thanks guys and gals just finished packing Quote Link to comment Share on other sites More sharing options...
Tominator Posted September 22, 2011 Report Share Posted September 22, 2011 You know, I got to thinking this morning as I was making my bagel, "Crap, Andrus is coming to Ohio this weekend...that's guaranteed crappy weather for the opener..." j/k--good luck Tim. Quote Link to comment Share on other sites More sharing options...
Tim Andrus Posted September 22, 2011 Author Report Share Posted September 22, 2011 yep make sure theres fuel in the generator and snow shovel is out lol Quote Link to comment Share on other sites More sharing options...
dbHunterNY Posted September 22, 2011 Report Share Posted September 22, 2011 think on the positive side. if it's going to get that bad then deer should be out feeding and moving around a lot before the snow comes. lol Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted September 22, 2011 Report Share Posted September 22, 2011 Good luck Tim. Hope you have a good trip. Quote Link to comment Share on other sites More sharing options...
Rhino Posted September 22, 2011 Report Share Posted September 22, 2011 (edited) You know, I got to thinking this morning as I was making my bagel, "Crap, Andrus is coming to Ohio this weekend...that's guaranteed crappy weather for the opener..." j/k--good luck Tim. Hummm...does Chris have a 6th sense or what? Looks like a good chance of rain through Tuesday there. Temps range from low to mid 50's to mid to upper 60's. LOL Edited September 22, 2011 by Rhino Quote Link to comment Share on other sites More sharing options...
Tominator Posted September 22, 2011 Report Share Posted September 22, 2011 Hummm...does Chris have a 6th sense or what? Looks like a good chance of rain through Tuesday there. Temps range from low to mid 50's to mid to upper 60's. LOL Heard this morning they're backing off the chances of rain for the weekend, and if it does, it's not supposed to be heavy. Temps look good for this time of year though. Quote Link to comment Share on other sites More sharing options...
dbHunterNY Posted September 22, 2011 Report Share Posted September 22, 2011 Heard this morning they're backing off the chances of rain for the weekend, and if it does, it's not supposed to be heavy. Temps look good for this time of year though. when we'd mow hay fields on my parent's farm 30% chance was the threshold of us thinking there was a good chance it won't rain. that's what it is for Saturday last i checked. Quote Link to comment Share on other sites More sharing options...
Tim Andrus Posted September 23, 2011 Author Report Share Posted September 23, 2011 Well at 6am Cameraman Mike Reigle and I are off talk to you guys via texts cross your fingers Quote Link to comment Share on other sites More sharing options...
Tominator Posted September 23, 2011 Report Share Posted September 23, 2011 True to Andrus form, it was pouring rain here this morning. Ugh. Hope it clears up. Quote Link to comment Share on other sites More sharing options...
Rhino Posted September 23, 2011 Report Share Posted September 23, 2011 True to Andrus form, it was pouring rain here this morning. Ugh. Hope it clears up. Hope Tim's hunting a pop up blind. Quote Link to comment Share on other sites More sharing options...
dbHunterNY Posted September 23, 2011 Report Share Posted September 23, 2011 he'll be alright. like chris said they backed off on the forecast. it's only a 10% chance tomorrow and a 30% chance Sunday. tonight might be a little wet though. Quote Link to comment Share on other sites More sharing options...
92xj Posted September 23, 2011 Report Share Posted September 23, 2011 From Tim. 4 hours to go, Rain...go figure. Quote Link to comment Share on other sites More sharing options...
Ohiobucks Posted September 23, 2011 Report Share Posted September 23, 2011 Should be a good weekend in Ohio, only 10-20% chance of rain Sat/Sun. Lows around 50, highs around 65-68. 50% chance of rain on Monday though. Quote Link to comment Share on other sites More sharing options...
Tominator Posted September 23, 2011 Report Share Posted September 23, 2011 Looking at the radar, most of Ohio has one more big band of rain, then it should clear up. Temps looking good. With the front passing through, hopefully the deer will be up and moving. I sat out back last night, didn't see any. Quote Link to comment Share on other sites More sharing options...
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