On August 28th, 1990, my wife and I were hit by a Level 5 Tornado in Plainfield, IL which killed 29 people and injured 353 others. The community was devastated, our first home was destroyed, and we lost several people in our neighborhood to this storm. This tornado became known as one of the worst on record, and there was almost no time to prepare for the destruction this storm wreaked on the southwest suburbs of Chicago.
Two years to almost the day (August 30, 1992), my wife’s family (living in Miami at the time) had a direct hit by Hurricane Andrew. Their homes were
If you have been thinking about establishing an expanding line of credit on your primary residence (aka Home Equity Conversion Mortgage), now is the time to do it! The rules will change on October 2nd resulting in a substantial increase in associated upfront costs.
This announcement was unexpectedly declared on August 29th by the U. S. Department of Housing and Urban Development (HUD). “Given the losses we’re seeing in the [reverse mortgage] program, we have a responsibility to make changes