o

retire

o
o

o
o

----------------------------------

"Inside my empty bottle I was constructing a lighthouse while all the others were making ships." ~Charles Simic

----------------------------------

o
o

Town Snapshot:

Mesa, Arizona

A large Phoenix suburb, Mesa is home to golf courses, an arts center, 10 aquatic centers and a large variety of neighborhoods and housing.

o
o

How You Can Benefit from a Reverse Mortgage

If you are looking for a way to have a more comfortable retirement, a reverse mortgage may be a way to finance it.

If you are age 62 or better, own your own home, have enough equity in it and plan to stay in it during retirement, then you can probably qualify for a reverse mortgage, letting you elimnate your current mortgage payment and receive tax-free money for retirement (or anything else). You keep ownership of your home until you leave it and continue to pay taxes and insurance on it.

A reverse mortgage is not for everyone - fees can be high and there are a few other downsides - but for many people, this mortgage product can be a financial lifesaver. Talk to a HUD representative or reputable mortgage lender to see if a reverse mortgage is right for you.

o
o

Town Snapshot:

Saugatuck, Michigan

Once a lumber port town, charming Saugatuck is on Lake Michigan's sandy eastern shore and boasts an artsy vibe.

Short Review:

Englewood, Florida

Facing Lemon Bay on the southwestern Florida coast, mellow Englewood has an old fashioned Florida vibe, nearby barrier island beaches, a cute downtown, excellent fishing and more.

o
o

Town Snapshot:

Goose Creek, South Carolina

Pleasant Goose Creek is outside of romantic Charleston on the southern South Carolina coast and has a U.S. Navy presence.

Town Snapshot:

Davis, California

An engaging small city with an educated population, Davis is enviromentally-friendly, progressive and the site of the University of California - Davis campus.

o
o

Five Types of Mortgage Loans

Fixed Rate Loan - The most common type of conventional loan, a fixed-rate loan has one interest rate and a fixed monthly payment for the length of the loan, which is usually 15 or 30 years.

Adjustable Rate Loan - These mortgages have a lower, fixed rate for a set period of time, usually five or 10 years. After that, the rate adjusts once a year according to current interest rates. The monthly payment goes up or down accordingly.

FHA Loan - This government-backed loan lets a buyer put down as little as 3.5% of a home's purchase price verses the normal 20% required with a conventional loan.

VA Loan - This mortgage loan is for people who have served in the military and requires no down payment or mortgage insurance.

Reverse Mortgage - A reverse mortgage is for people age 62 or better who have equity in their home, want to take it out in the form of tax-free cash and eliminate their mortgage payment.

o
o

Town Snapshot:

Sebastian, Florida

A sleepy town along the Indian River Lagoon, Sebastian is home to the country's first wildlife refuge and most biologically diverse estuary. People live here, too.

In Depth Review:

Port Townsend, Washington

On Washington's Quimper Peninsula, charming Port Townsend enchants nearly everyone with its treasure trove of Victorian architecture, trendy shops, fun eateries, scenic setting and more.

Town Snapshot:

Coral Springs, Florida

Bordered by Everglades National Park in southeastern Florida, Coral Springs started out as a master planned development and today is known for its well managed government and rich quality of life.

Town Snapshot:

Cornelius, North Carolina

Nestled along Lake Norman in rolling western North Carolina, Cornelius is a pretty community with an attractive downtown.

Short Review:

Cottonwood, Arizona

In the rugged, high altitude Verde Valley of central Arizona, Cottonwood has a fun historic center, plenty of outdoor recreation, nearby wineries, safe neighborhoods and lots of sunshine.

Town Snapshot:

Grants Pass, Oregon

In rugged southwestern Oregon, Grants Pass is known for its outdoor way of life and down to earth residents.

Town Snapshot:

Palm City, Florida

Once a sleepy riverfront hamlet, today pretty Palm City is known for its golf courses, master planned communities and waterfront homes.

Town Snapshot:

Etowah, North Carolina

In a scenic valley on the edges of the Blue Ridge Mountains, little Etowah is popular with people who want to live in trendy, neighboring Asheville but cannot quite afford it.

Town Snapshot:

Hobe Sound, Florida

A quiet town on the southeastern Florida coast, Hobe Sound boasts a cute downtown and a secret beach with nearly empty sand.

Town Snapshot:

Laupahoehoe, Hawaii

Once a taro farming village and a sugar plantation town, today rural Laupahoehoe is home to a research tropical forest and has jaw-dropping views of incredibly blue water.

Town Snapshot:

Lafayette, Colorado

Surrounded by open space outside of trendy, collegiate Boulder, Lafayette is a peaceful town with a nice Old Town and a growing arts scene.

In Depth Review:

Dahlonega, Georgia

Tucked in northern Georgia's Appalachian Mountain foothills, Dahlonega boasts a scenic setting, a cute downtown, plenty of festivals and a gentle pace. It is a great retirement spot!

Town Snapshot:

Martinsville, Virginia

With the Blue Ridge Mountains as a backdrop, Martinsville boasts a NASCAR racetrack, art galleries and studios, fun eateries, music events, nearby water recreation and very affordable housing.

Town Snapshot:

Northfield, Minnesota

Northfield is a quintessential college town with a cute town center and a bounty of fairs and festivals.

Town Snapshot:

Plantation, Florida

West of Fort Lauderdale, Plantation is comfortable and suburban with well-tended neighborhoods, historic golf courses, a botanic garden, an equestrian center and more.

o
o

o
o

Where Are All the Inexpensive U.S. Beach Towns That Don't Have Hurricanes?

Not all U.S. beach towns experience hurricanes or tropical storms, but inexpensive U.S. beach towns are hard to find. Some are somewhat reasonably priced with prices below the national average, but few are cheap - most have costs above the national average. So a cheap beach town with no hurricanes exists primarily in the imagination.

Choosing a Great Place to Retire

When looking for great places to retire, we consider a number of factors, including cost of living, medical facilities, climate, transportation, crime rates, cultural amenities, education levels, shopping venues, infrastructure, recreational opportunities, housing options, the poverty rate and more. We weigh all of the evidence to decide if a town has enough going for it to make it a top place to retire. We are not affiliated with any of the places that we review.

What is the Difference Between Average Home Price and Median Home Price?

When searching for a place to retire, housing costs are a top concern. So what is the difference between the average home price and the median home price? The average home price is determined by adding together all the prices of homes sold during a specific timeframe and then dividing that amount by the number of homes sold. On the other hand, the median home price is the middle sales price of all the homes sold. In other words, a median price means that half of the homes sold at a price below the median and half sold at a price above the median.

o
o


o
o
o
o

 

o
o

 

o
o

Webwerxx, Inc. Copyright (c) 2006-2020. All rights reserved. No part of this electronic publication may be reproduced in any way without the express written consent of Webwerxx, Inc. Reproducing any original part of this publication without written permission from Webwerxx, Inc. is plagiarism. Webwerxx, Inc. strives to print accurate information and makes numerous attempts to verify the accuracy of the information contained in this website, but some information might have changed since each article and/or report was published. As a result, Webwerxx, Inc. is not responsible for inaccurate information contained in its articles and/or reports.

o