Lifestyles over 50 Finance & Money
What is a reverse mortgage?
A reverse mortgage is a government insured loan which allows homeowners to access the equity they have built up in their homes. The homeowner retains title to their home. Unlike a regular mortgage, a reverse mortgage requires no monthly mortgage payments (homeowners must still pay taxes and homeowner’s insurance.)
Most people who vacation spend many hours planning before hand. They purchase tickets, make reservations, schedule tours and transportation and anything else that allows them to relax and enjoy their vacation by following the plans they’ve prepared and confirmed.
Erosion due to storms can be a huge challenge!
While it can happen any time of the year, erosion due to storms can have a dramatic impact on beachfront properties as evidenced by this picture in South Carolina. Without the proper insurance, problems like this can be costly.