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An oversupply of new properties can drive up the vacancy rate and eventually push rental rates down, and this is currently happening in Myrtle Beach, where more than 3,100 new homes were built in 2015.. During the past decade and a half, low-down-payment FHA-insured mortgages sometimes financed 80,000 to 90,000 condo purchases annually.

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Get Best Old-Age Benefit With Florida Reverse Mortgage Down to the math There are reasons to consider reverse mortgages, such as you receive tax-free money which will not reduce your income-tested government benefits like Old Age Security or Guaranteed.

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