Home Equity Line of Credit Information

The home equity line of credit is a device used by homeowners who want to borrow against the equity in their home. There are several different types of home equity lines of credit. These differences are frequently based on the interest rate charged the homeowner.

Sometimes a home equity line of credit will have variable interest rates. With variable interest rates, the homeowner cannot know for sure from month to month what the interest payment will be. The interest rate on the loan will vary to the same degree as the interest rate set by the Federal Reserve Board.  FHA Loan Limits!

In some cases the home equity line of credit offers a low introductory interest rate. These rates sound attractive, but they hide the fact that the homeowner will later be asked to pay a considerably higher rate. The homeowner needs to read the loan materials carefully in order to learn exactly what the payments could be at a much later date.

Other differences in the home equity line of credit often concern the costs of the application process. Some offers of a home equity line of credit come with a large one-time fee. Other offers for a home equity line of credit might avoid mention of such a fee but then add continuing costs. It is also possible that a home equity line of credit could tack on a balloon payment. This is a sizable payment that is demanded from the homeowner once the period of the offer of credit has ended. Alternate offers for a home equity line of credit could avoid requesting a high balloon payment but instead request much higher monthly payments.  Mortgage Rates!

 If the differences in the various types of home equity lines of credit confuse the homeowner, then it may be better to consider alternatives to the home equity line of credit. The homeowner who does not want to get a home equity line of credit can either takeout a second mortgage or borrow from credit lines that do not use the home as collateral.

In order to borrow from credit lines that do not use the home as collateral the homeowner needs to seek out those who value what he has to offer. Perhaps he owns land in a distant region where the land value is going up. This could possibly be used as collateral on a different type of line of credit. A small business owner who did not want to risk his home for a home equity line of credit might need to think about using the business as collateral.  Go Now!

Roth IRAs provide individuals with an account that allows them to invest in various assets. You can open one through any number of custodians such as banks or brokerage firms and then begin saving by contributing or transferring money into it.

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Know Your Options When Saving for RetirementIt is essential that you know all your options when saving for retirement, and Thrivent financial advisors can assist in understanding what makes a Roth IRA different and how it could fit with existing accounts.

Contributions are tax-free

Roth IRAs allow for withdrawals of contributions without tax or penalty. Traditional IRAs, on the other hand, allow withdrawals after tax with a 10% penalty. To qualify for a Roth IRA, your earned income must fulfill certain criteria, such as salaries, hourly wages, bonuses commissions or self-employed income – Social Security benefits retirement distributions and unemployment compensation do not count towards eligibility criteria.

Roth IRAs allow you to withdraw your earnings tax-free after age 59 1/2 (subject to certain exceptions). Your withdrawals of earnings from Roth IRAs are tax-free after age 59 1/2 (subject to certain exceptions); unlike traditional IRAs or 401(k)s that require you to pay taxes when withdrawing funds before age 59 1/2; in most cases a 10% penalty must be assessed if withdrawals occur prior to this point.

There are no required minimum distributions

Roth IRAs do not have required minimum distributions (RMDs), allowing investment earnings to accrue tax-free. This is a significant benefit for people who expect to be in lower income brackets during retirement. You may withdraw principal from your Roth IRA at any time without incurring taxes or penalties; however, withdrawals before age 59 1/2 could trigger income taxes as well as a 10% penalty (unless exception applies).

RMDs are required for traditional IRAs starting at 72 or 70 1/2 years old, depending on the year you were born. The IRS provides a table of life expectancy that is used to calculate withdrawals. If you miss your RMD, there may be penalties up to 25% of its amount that must be paid, in addition to regular income taxes on this missed distribution – making this another compelling reason to consult both tax and legal advisors before making investment decisions.

You can withdraw your earnings tax-free at any age

Your Roth IRA contributions can be withdrawn at any time; however, it’s wiser not to do so until retirement has arrived. Withdrawals before age 59 1/2 will incur taxes and an early withdrawal penalty of 10% of earnings; however this penalty may be waived depending on circumstances.

If you are older than 59 and meet the five-year rule, it is possible to withdraw investment earnings at any age without penalties. However, you must pay income tax on them.

Contributing to a Roth IRA is based on your modified-adjusted gross income (MAGI), a figure that includes all deductions, credits and qualifying income taxes. Contributors with MAGIs below $138,000 for single filers or $228k if filing jointly may make tax-free contributions – also, “taxable compensation” must have been received during this year in order to qualify.

No income cap

Roth IRAs do not have an income limit, but the contribution limits are based on your filing status and gross adjusted income. This is to ensure fairness for all workers and prevent those with high incomes from benefiting more than others. The 401(k), however, uses non-discrimination criteria to determine eligibility for contributions.

Roth IRA contributions are only possible with earned income, such as your salary, wages per hour, tips, or commissions that you have received. Investment income such as dividends or interest or Social Security benefits do not count towards earned income and cannot be contributed using Roth IRAs.

Roth IRA contribution limits can change every year. The current limit is $6,500 for anyone under 50. If you go over this limit, an extra $1,000 in “catch-up contributions” will be allowed. The IRS imposes a 6% fee on excess contributions or earnings in your account. To avoid this, you must withdraw the items within 6 months of your tax return deadline date, or file an amended return for prior year earnings and contributions.

If you’re having trouble losing fat around your flanks, better known as love handles, you’re not alone. It can be tough to lose extra weight even with diet and exercise. 
Many people who have struggled with shedding those stubborn love handles or “muffin top”, choose flank liposuction to contour their hips and waistline and eliminate these stubborn fat deposits.

Precisely What is Flank Liposuction?
This liposuction surgery removes excess fat from the sides, hips, waist, and upper buttocks, mainly in the areas where love handles form. 
Tiny incisions are created on either side of the patient’s body during the liposuction. Next, Dr. Mowlavi secures a port at the incision site to assist the smooth insertion and glide of a thin tube called a cannula. This tube has microscopic suction pores. The cannula is pushed up and down in the specific area of the body’s fat layer to be suctioned, gathering fat cells into a sterile, air-tight canister.
The port also keeps the incisions very small, and the wounds are closed with two or three dissolvable sutures. The scaring is so minimal that often there is no visible sign once the healing process is complete.

What Are The Possible Adverse Effects?
Mild bruising, swelling, numbness, or tingling after the surgery for a few weeks and minor bleeding during surgery are possible side effects. You may feel moderate pain walking or sitting down for a few days.
However, with VASER HD Ultra-Sound Assisted Lipo, these side effects are minimized due to the gentle nature of this method of liposuction. Unlike other methods, with VASER HD lipo, the connective tissue and capillaries are not damaged, resulting in much less bruising and pain.
Adverse effects are far less likely if you follow your post-operative instructions, including wearing the compression foam and garments provided by your surgeon.
What Is The Recovery Process Like?
Depending on your overall health, you may anticipate a recovery in a little as two weeks after flank liposuction. Keep in mind, the recuperation period varies according to the amount of fat eliminated and how many areas Dr. Mowlavi suctions and sculpts. 

You may experience some soreness for several weeks after the procedure, but with VASER lipo, your recovery is more straightforward and happens faster. 
Many patients go home the same day. If your surgery includes more extensive procedures like a tummy tuck or breast lift, you may need nursing support and to stay one or two nights in a cosmetic care facility. 
Of course, sleep is essential to recovery, mild pain relievers are helpful, and lymphatic drainage massages allow you to speed up additional fat loss and preserve the shape Dr. Mowlavi created for your new figure or physique. 
As a rule, intense exercise and heavy lifting should be avoided for two to three weeks, but each patient’s after-care instructions vary. Be sure you follow Dr. Mowlavi’s post-surgical plan designed for you for the very best results.
After surgery, it’s normal to feel disoriented and sleepy while the anesthesia wears off. You may even feel a little queasy. Just avoid eating a full meal until your stomach settles. It is critical to consume enough water to keep hydrated and flush the fat out of your body that is pushed into your lymphatic system with the massages you will need the first few days.
Mild activity and walking are recommended for four to five days after the surgery. Take it easy and rest, allowing your body to heal and adjust. When you do start exercising, go lightly and gradually build up your stamina.
Swelling can last two months or longer. The ultimate effects are not visible right away, but with VASER lipo, you will see surprisingly great results right after your surgery.

What Kind of Outcomes Can I Anticipate?
In a word – superior. Many surgeons remove fat area-by-area without an overall plan for proportionality of the body’s 3-dimensional nature. The issue with a piecemeal approach is that a patient can have a small waist but a broad back, armpit fat, or disproportionate thighs. It’s easy to spot the unnatural look of someone who has had liposuction without regard to their body’s overall shape and size or with crazy proportions created with too much fat transfer. 
 A talented surgeon will always look to sculpt, not just remove fat from an area without regard to how it affects the overall result. The flank area is critical to the flow and shape of the body. While fat may be removed from the love handle area, it may be needed to fill in hip dips or round out the curves.
Dr. Mowlavi’s hobby is sculpting. He brings his artist’s eye, understanding of the human anatomy, and 360 approach to each patient’s surgical plan. 

What Does Flank Lipo Cost?
The cost of flank liposuction alone might be between $3,000 and $5,000, plus the cost of the surgical facility, anesthesia, and other fees.
However, as Dr. Mowlavi’s 360 method is a front and back sculpting approach, there are other cost considerations. The essential factor for superior results is proportionality, and 360 HD Lipo is how he achieves that. To create the ideal flow of curves in women, he will treat your body as a sculpture, artfully removing fat from the armpits to the knee areas to give you the proportions that will make your new figure jaw-dropping! 
His growing number of male patients generally want the love handles gone, a tapered waist, 6-pack abs, and a larger chest area. 
Another bonus is that VASER lipo is gentle on the fat cells. Dr. Mowlavi can preserve the fat he removes and place it where desirable, like for a Brazillian Butt Lift (BBL) or a natural breast augmentation when a modest size increase is desired.
Your custom surgical quote will include all the areas Dr. Mowlavi knows he will need to address to achieve the results you envision and exceed your expectations.

Who Is A Suitable Candidate?
It is essential to remember; liposuction is not intended to substitute a healthy diet and regular exercise. 
Before having flank liposuction, or any extensive cosmetic procedure, it’s prudent to have a good diet, exercise regularly, and be a non-smoker. 
If you are a smoker, you must quit and have a 100% nicotine-free blood test for a minimum of 90 days. If you smoke, your heart and lungs do not work as well as they should. It can lead to breathing problems during or after surgery, increasing your risk of developing pneumonia. Smoking also reduces blood flow, which slows healing, increasing your likelihood of an infection.
Patients must have a normal red blood cell count, so there is no indication of anemia not matter how slight.
BMI. Dr. Mowlavi will take your BMI (Body Mass Index) into consideration. He works safely with higher BMI patients, but there is a limit. If you exceed the safety limit, he will advise you on how much weight to lose before having a safe, productive surgery.
Safety is the number one consideration for any surgery, including cosmetic or plastic surgery. 

What’s Next
The first step in considering flank liposuction is a personalized consultation. If you live within an hour of the office, it is best to come to the office by far. You’ll meet the doctor, his staff, and you may get to speak with patients who have completed their surgeries to share their experiences. 
If you live a long way, we can accommodate you with a virtual consultation. About 25% of Dr. Mowlavi’s patients come from all over the U.S, so don’t be shy about distance.