Month: February 2022

Often, when a business wishes to extract minerals, such as oil, gas or coal, by a piece of land, they’ll, rather than purchase the property outright, lease from its owner the land’s mineral rights. This provides the firm with all the right to harvest specific kinds of minerals in the land for a predetermined period of time. Though mineral rights can be a lucrative source of revenue, landowners must keep in mind several important hints before signing a rental. Take Your Time Though mineral rights leasing holds out the allure of fast money, from the beginning you must bear in mind that the process of settling with regards to the lease can last a very long time, up to several years. Oil and gas companies generally have time lines for projects, often measuring in the years. Try not to be impatient and do not be hasty in signing anything. Field…

A reverse mortgage will help a elderly homeowner pay bills or make repairs. A reverse mortgage is a loan taken out against a home’s equity, or part of the home’s value free of additional liens. Reverse mortgages are available only to borrowers ages 62 and older. Unlike conventional mortgages, where a large sum is provided to the borrower at once and repaid over time, reverse mortgages possess the lender paying the borrower a predetermined amount every month until the loan sum is reached. Estimate how much you really owe. The pay structure of a reverse mortgage ensures that you owe no more than what you’ve received on the loan to date, and interest and other fees the lender may charge. Assess your loan documents. Verify the interest and additional fees your lender charges monthly. Start looking for any fees that can be charged if you pay off the loan until…