What You Need To Know About A Reverse Mortgage

There has been a lot f talk on television and newspapers about reverse mortgages. Typically, nothing bad is being said about them, and they seem to be the salvation for many homeowners. However, there is a potential dark side to these mortgages, and one must truly know what they are getting involved in. Today we are going to discuss what a reverse mortgage truly is and if you should consider applying for one.

In the simplest terms, a reverse mortgage just allows homeowners who are over the age of 62 to access the equity they have built up in their home over the years. The owner maintains possession of the title while using the loan for any expenses they may have in their life. This money can be used for medical bills, travel, or just extra money to live on through retirement.

However, the homeowner must have a significant amount of equity stored up in the home. This is because property insurance, taxes, and other fees will need to be paid during the life of the loan as well.

As opposed to many traditional loans, the balance on a reverse mortgage will increase over time. This is because the homeowner is not making payments on the loan amount, which leads to the interest being charged on the outstanding amount.

It is also important to realize that the benefit from a reverse home mortgage loan is not going to be deductible. These are not considered to be traditional loans nor or they a verifiable source of income. With that in mind, it is not possible to deduct the amount of the loan when tax time comes around.

As with all loans, due your diligence and research as much as possible to understand if a reverse mortgage loan is going to be right for you. You can get help from a mortgage banker Long Island to know more about reverse mortgage.…


 Environmental Problems Affecting The Tour And Travel Industry

There are different environmental problems that have become a major concern for people in the present times. Habitat fragmentation and destruction, stratospheric ozone depletion, loss of biodiversity, change in global climate, pesticides, herbicides, acid deposition, thermal pollution, pollution of ground and surface water and oil spills are some examples of direct environmental issues.Growth in human population, urbanisation, unsustainable consumerism, inequities in the distribution of wealth and international conflicts are some prominent examples of indirect environment issues. All such environmental issues are being viewed in entirety at present in order to ameliorate them and to ensure future of sustained life on the planet.

Environmental Problems Taking a Toll on the Industry for Tour and Travel

The stress on preventive measures in place of curative measures for eliminating environmental problems has further contributed to the aggravation of such problems. There are certain environmental problems that are also found taking a toll on the tour and travel industry. It is necessary for stakeholders to address these problems and even seek out some long term solutions for these issues. Some environmental problems that are affecting the tour and travel industry are as follows:

Greenhouse Gas Releases

Greenhouse gas releases and their effect on the changes in climate are a major environmental problem for the aviation industry which ferries a larger number of tourists to different parts of the world. Aviation generally produces around 2% of gas emissions. There is one way in which the aviation arena is working on this issue and it is by rolling out more advanced planes with engines that are fuel efficient. This means decreased carbon emissions. Nevertheless, not all the airlines have the affordability of buying or manufacturing such aircraft and especially the poor countries.


Mass Tourism

Travel costs are getting a cheaper day and by day and this is the reason why more and more tourists are venturing out for vacations to countries and places that were previously inaccessible. This is because the increase in tourism and the travel costs getting cheaper, air transport has been made easily available to the interested tourists. This has resulted in mass tourism where the places of historical and environmental significance have become utterly crowded. This, in turn, puts a huge amount of pressure on the ecosystems in such places threatening the flora and the fauna. In addition to this, the change in climate means that these places shall not favour citizens due to weather conditions getting extreme resulting in overcrowding on the other areas with more favourable climate. Again, this might take a toll on the ecosystems in the overcrowded regions along with the tourism in those regions.


Despite the fact that governments in many countries are taking up calls for protecting the environment, there are still some areas where logging is taking place on a widespread basis. This also contributes to the complete destruction of nature threatening tourism in such areas.


We live in this environment and therefore it is our responsibility to prevent any kind of damage to the environment. We must take all possible measures to maintain the ecological balance of nature.