Click on the title to link. This is a great article on several levels.
1. It explains in simple terms why our country is facing a potential collapse. We absolutely cannot keep up this spending; it will sink us. This article does a good job of explaing that and shows why it is the biggest security threat to our great nation.
2. It furthur goes on to explain how private resource must be part of the solution. What does that mean? Equity in one's home is private resource, and folks need to be ready to utilize that equity when the government comes out saying they cannot afford all their unsustainable public aid policies.
Home Equity Conversion Mortgages (HECM, or Reverse Mortgages) are going to become a tremendous key to accomplishing this "unlocking" of one's equity. It cannot be viewed as a last resort but a necessary component to our coming financial mess. Stand by for more info as we continue to discuss HECMs.
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