mountainsoft
Thinks s/he gets paid by the post
Our home is fully paid for, and is currently worth a few hundred thousand more than we paid for it. I hope we never need it, but I'm curious what options are available to utilize the equity in our home to pay for things like long term care (in-home) or other large unexpected expenses should the need arise in the future.
I've heard of Home Equity Lines of Credit and Reverse Mortgages, but I know nothing about either of them to know if they're a smart or stupid move.
We would like to stay in our home as long as possible, but it would be nice to pass it down to our daughter once we are gone.
I've heard of Home Equity Lines of Credit and Reverse Mortgages, but I know nothing about either of them to know if they're a smart or stupid move.
We would like to stay in our home as long as possible, but it would be nice to pass it down to our daughter once we are gone.