When older homeowners wish to access a portion of their equity, there are multiple options.

Of course, selling the home is generally not desirable. A cash-out refinance is also not a prudent pathway for retirees. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade.

The Home Equity Conversion Mortgage (HECM) and the Home Equity Line of Credit (HELOC) remain as the primary options left for older homeowners who want to use their details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com