Reverse Mortgages, Hurricanes & Hunkering Down
Hurricane season offers real-life examples of how important home is to us and how hard it can be to move out, even when staying is not in our best interest.
For months each year (and this looks like a busy season), the media interviews homeowners determined to hunker down and ride out an approaching hurricane, even when authorities announce mandatory evacuations. Sometimes the need to be home puts these homeowners in harms way, particularly when the choice of property is emotional not practical.
Select the wrong property for a reverse mortgage and the equity that it took decades to accumulate may be blown away in a few years, and you'll still be faced with a move to a more suitable location.
The "Reverse Mortgage Quiz," on page 67 to 69 in Chapter 4: Is a Reverse Mortgage Right for Me?, asks the big question first:
#1: Do you consider your current property and neighbourhood the best and only place to live now and in the foreseeable future?
A reverse mortgage is a best friend because it may be the only way you can stay in the home and neighbourhood you love and access equity as cash to achieve your other goals. Reverse mortgages can become "worst enemy" when this is not the best place to stay for many reasons, which will become evident after you have signed on for the mortgage and your equity is eroded.
Unless you consider the suitability of the property and your stubborn resolve to stay put before you arrange a reverse mortgage...and that's where the book helps you evaluate and decide what's best in the long run.
Onward & Upward
PJ Wade
Catapult Publishing
Provides easy access to Reverse Mortgages: Best Friend, Worst Enemy...Your Choice!
For months each year (and this looks like a busy season), the media interviews homeowners determined to hunker down and ride out an approaching hurricane, even when authorities announce mandatory evacuations. Sometimes the need to be home puts these homeowners in harms way, particularly when the choice of property is emotional not practical.
Select the wrong property for a reverse mortgage and the equity that it took decades to accumulate may be blown away in a few years, and you'll still be faced with a move to a more suitable location.
The "Reverse Mortgage Quiz," on page 67 to 69 in Chapter 4: Is a Reverse Mortgage Right for Me?, asks the big question first:
#1: Do you consider your current property and neighbourhood the best and only place to live now and in the foreseeable future?
A reverse mortgage is a best friend because it may be the only way you can stay in the home and neighbourhood you love and access equity as cash to achieve your other goals. Reverse mortgages can become "worst enemy" when this is not the best place to stay for many reasons, which will become evident after you have signed on for the mortgage and your equity is eroded.
Unless you consider the suitability of the property and your stubborn resolve to stay put before you arrange a reverse mortgage...and that's where the book helps you evaluate and decide what's best in the long run.
Onward & Upward
PJ Wade
Catapult Publishing
Provides easy access to Reverse Mortgages: Best Friend, Worst Enemy...Your Choice!
- Review the complimentary 21-page PREVIEW PDF
- Purchase the Ebook version for immediate DOWNLOAD
- Order your copy of the PRINT VERSION
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