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operating account and withdrawn when needed.
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