Savvy News about real estate deals, second homes, property, condos, fractionals, resorts
That's in effect what some older homeowners are doing. A report says they are taking out reverse mortgages and using the monthly payments they get to buy all kinds of things -- including a vacation getaway.
Labels: second homes
posted by Grace Lichtenstein @ 9:42 AM
Former New York Times reporter Grace Lichtenstein contributes articles on travel, sports, books and real estate to top national publications. A featured writer for the new Lance Armstrong LiveSTRONG Web site, she also writes about Senior Adventures for Suite101.com and about NY cycling for Examiner.com. For her 50th birthday rode her bike cross country to raise money for breast cancer research. See her c.v.:
www.gracelichtenstein.com
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