The home equity loan has become quite popular in the last five years, and Americans have tapped into the equity of their homes in record numbers. The reasons vary, although home improvement and debt consolidation are the most common reasons for borrowing against a home’s equity.

In the last fifteen years or so, a new twist has arrived in the home equity market — the reverse mortgage. Like a traditional home equity loan or line of credit, a reverse mortgage allows you to borrow against the equity in your home. Unlike those other options, you don’t have to make payments in order to pay it back. The repayment takes place when you die, when you move, or when you sell your home. You must be at least 62 years of age to qualify, but unlike other loans, you do not have to have any appreciable income in order to get a reverse mortgage.

There are a number of advantages of a reverse mortgage over a traditional home equity loan:

Your options of receiving the money from the loan include a monthly payout, although you may also elect to receive a lump sum or a credit line. A monthly payout would effectively provide you with a regular “income” during the remainder of your time in your home.

The loan isn’t due until you move, sell the home, or die. There is no repayment schedule, as with regular installment loans. At the time of your death or when you sell the house, the loan must be repaid with interest.

The amount you have to repay cannot exceed the value of your home. With this feature, you are protected should your home decline in value. The lender cannot force you to pay more than the value of the home.

Due to the age restrictions on reverse mortgages, they are not for everyone. But if you qualify, it could provide an excellent opportunity to have an income during your retirement years.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including http://www.End-Your-Debt.com/ and http://www.HomeEquityHelp.net/

After visiting the Denver RC Modeler Club one day as they practiced for the national finals in PHX that year, we attempted a touch and go landing on our Blitz Mobile, which is a 74 foot long NASCAR type truck and trailer. Probably nothing more than a Fighter Pilots son from the cold war wanting to re-invent the aircraft carrier concept on a almost nano scale? We were successful on doing a touch and bounce on the top of the trailer without too much difficulty. It appears that a tractor trailer rig specially designed with panels on top which folded out ward to extend the length of the flat surface on top would be adequate to launch and recover many hundred small UAVs. These UAVs could be launched one after another to form swarms for surveillance or to overwhelm the enemy. We did not have any automous UAVs with us on this day of testing and proving concept, but we did use a model aircraft, which was large enough to prove it will work. Here is the unit we used:

http://www.truckwashguy.com/truckdetail.shtml

Now today the units are much more agile and better suited for such a mission. We also on that day launched the model airplane from the top of the truck with relative ease. Meaning an Army Command center such as this:

http://www.techtv.com/news/culture/story/0…3396286,00.html

Would be sufficient. Now the aircraft or UAVs would be vertically stacked on the center in the back. Like a pez dispenser, when it was time to launch the first ten or twelve would be pre-assembled and in the spring activated dispenser, which raises them to the roof and then they would launch. They would fly to 300 feet, satellite would ping them for GPS verification and they would be released to autonomous flight. All the rest of the beginning sequence would be turned off and no frequency would be emitting or received only a blip every so often from satellite to pin-point position. If off track the satellite would send re-positioning data for 1-2 seconds and turn off again, terrain following would be sound waves from the UAV itself or from satellite, or even abort sequence to divert the aircraft straight down to self destruct. After the first few are launched other units could be quickly assembled and put in the pez dispenser elevator for the next launch sequence. One command center could carry up to 200-400 flying machines. UAVs. Do you think this could work? Think about it.

“Lance Winslow” – Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs/