During the pandemic lots of home improvement projects were undertaken and with summer coming up lots more are on the drawing board. What the best way to pay for major home projects? savings? credit cards? home equity? sell appreciated investments? cash? Robyn Friedman, writing for The Wall Street Journal (4/23/21) offer suggestions. Cash: if you…
Category: home equity
HELOCs versus Reverse mortgages
For senior homeowners facing large expense such as roof replacement or needing extra cash tomake ends meet each month, home equity lines of credit are one option; reverse mortgages another. Learn the pros and cons of each at https://www.thestreet.com/story/13698522/1/helocs-vs-reverse-mortgages-which-is-right-for-seniors-facing-a-financial-emergency.html Source: Financial Planning for Women