I’m Retired With A Home Paid In Full – Why Get A HELOC

I’m Retired With A Home Paid In Full – Why Get A HELOC

When retired and lacking any considerable amounts of reportable income, refinancing a home to access the equity in a home is almost impossible. The only solution is to sell, otherwise all that equity is trapped! This access to equity in retirement is a great reason to obtain a HELOC. With a small pension, social security check or other forms of limited income – this can be placed within the HELOC operating account and withdrawn when needed.

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