Actual - Real Estate

Who ever thought that it would make sense to get a mortgage that would decrease your home equity? Well in certain instances it does. Lending philosophies have changed over hist

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ory and they will continue to change in the future.

Before the Federal Housing Administration (FHA) existed only 50% financing was available for an American to buy a home. FHA

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

created the pathway to home ownership for low and middle income Americans.

FHA was created in 1934 when the housing industry was defunct. Americans didn’t own in those days th

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

y rented. The American dream to own a home was for many, just that a dream. FHA changed all that. The US government created FHA to help military families buy homes. They insure

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

the financing which would have been other wise unattainable to those families. Starting in the 1950’s FHA made it possible for Middle America to become homeowners. This govern

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ment program created the pathway for our housing market to grow and make it common place for home ownership. Currently, most every homeowner is financed through a private insti

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ution because FHA paved the way.

In the 1980’s Congress started to study reverse mortgages and their potential of helping the elderly in financing care and retirement. FHA beg

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

n to insure reverse mortgages. In 1988 Fannie Mae announced its intention of purchasing reverse mortgages insured by FHA. Reverse mortgages like most programs started as a pilo

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

program. FHA’s insurance assured these loan programs become successful. Now, as our society grows older, and we are living longer, a reverse mortgage can make the difference b

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

etween getting older in poverty, just getting by or supplementing retirement income to make a more comfortable retirement lifestyle.

So why consider turning your equity into c

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

sh? Americans are not good savers. AARP says that a majority of Americans are counting on Social Security for most of their retirement income. The challenge is that Social Secu

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ity’s intake will fall short of its expenses in 2017 by some estimates. This is the year when the first of the Boomers turn 70 and will be counting on Social Security to fund a

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

majority of their retirement. Boomers haven’t saved enough money for retirement. What might make sense to supplement retirement income?

The largest asset that most Americans o

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

wn is their home. The home they worked to pay off or near pay with years and years of payments. Why would a Reverse Mortgage make sense for a senior or a senior boomer in the f

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ture? Because it will make the difference between working part time to make ends meet or not, paying for medicine or medical care or not, paying for long term care or depending

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

on the government for care or not. A Reverse Mortgage can make a difference in people’s lives. A Reverse Mortgage can create a life with the security of never losing their home

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

never making another house payment and creating retirement income they can count on.

When the “Silver Tsunami” hits I predict a paradigm shift in how we view our largest asse

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

t.

FHA has created paths for us in the past and I believe they have again now. I think you’ll see hybrid reverse mortgage products that will be designed to help fund our retir

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ment. In Australia for example, you can attain a reverse mortgage on a commercial property. I think that a paradigm shift on how we can best use the largest asset that many Ame

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

icans will own during their lifetimes is occurring. It is my belief that Reverse Mortgages will be as common and as important to the American retirement plan as the IRA or 401k

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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