Why the Affluent should consider Earthquake Insurance.
Why Older Owners of Homes should Consider Earthquake Insurance
Why Earthquake Insurance Becomes more Useful as you pay down your Equity
Have you faithfully been paying down the mortgage on your primary home over the past 15 years? Just starting to feel like you are getting ahead?
Be careful, you may be at an increased danger of losing your hard fought principal balance in your home if you live in earthquake country. Although paying off your home is generally a good thing, there are new issues to be aware of. How is that exactly?
As you carefully pay down you mortgage loan and become more affluent, you slowly accumulate a”nest egg” within your nest (in your home.) However, many people expect to tap that equity when they hit retirement either by selling the home, refinancing, or possibly through a reverse mortgage.
But as … Read More