The Federal Trade Commission (FTC) is warning of a surge in Social Security scams heartlessly targeting the elderly who depend on Social Security benefits for basic living needs. The scammers also know that the elderly can be overly trusting, making them easy victims. And, unfortunately, these scams are too often successful. Here’s how these scams work:
Multifactor authentication (MFA) provides an extra layer of protection for your accounts and sensitive data. Here’s all you need to know about MFA, how it works and why it’s an important step in protecting your information.
Medicare offers affordable health care coverage to older Americans, but the application process can be confusing. Here are the answers to some of the most frequently asked questions about Medicare.
Minimum Annual Percentage Rate (APR) Floor of 4.00%. Maximum APR is 12.00%. APR calculation is subject to change monthly and is based on the Prime Rate as published in the Wall Street Journal. Required payments are calculated at 1% of the outstanding balance. Maximum loan amount is $450,000 with a 10-year draw period and up to 15-year repayment period. Properties must be owner-occupied. Eligible property types include SFD and Townhomes (up to 90%), and condos (up to 80%); Not eligible for multi-family properties. Some housing exceptions apply. Closing costs range from $500 to $2,000. Maximum loan amount is $450,000.
