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Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the product – such as pulling all their cash out at one time to pay bills – has led to significant financial problems later, including foreclosure.

In actuality, there are some cases where reverse mortgages can be helpful to borrowers. However, it is imperative to do extensive research on these products before you sign.

Reverse mortgages are special kinds of home loans that let borrowers convert some of their home equity into cash. They come in three varieties: single-purpose reverse mortgages, Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages.


The Franklin Chamber of Commerce recently held a ribbon cutting ceremony at Happy Daze Donuts n’ Pastries located at 38 Palmer Street Circle.

Shelli Allen has had a dream to own a donut shop for as long as she can remember and that dream has come true.

“Last summer we started selling our donuts and pastries at the Farmers Markets around town, perfecting our recipes and getting feedback from those who purchased from us,” said Allen. “We were encouraged by our sales volume and what we heard. Along with my husband, we decided to open a store front. Since opening we have been blessed by the support from Franklin residents,” Allen continued.


The Franklin Chamber of Commerce along with town and county officials recently held a ribbon cutting ceremony to celebrate the grand opening of The Franklin House Assisted Living and Memory Care. This Meridian Senior Living facility is located at 186 One Center Court below the Corporate Office of Macon Bank.

This community offers gracious residential living in a home-like setting with dedicated and knowledgeable staff available 24 hours a day to meet the personal needs and individual demands of each resident.


The Ambassadors of Jackson County have a new slate of officers.

“The Ambassadors are the ‘Good Will Arm’ of the Chamber,” says Julie Spiro, executive director of the Jackson County Chamber of Commerce. “While all the ambassadors work and have their own careers and businesses, they graciously give of their time to assist others in the business community. Our Ambassadors spend time following up with members, encouraging them to attend Chamber events and get involved in what is going on in Jackson County.”


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