A reverse mortgage is a type of loan that gives you money from your home equity in either a lump sum or regular monthly payments. Repayment is due when the borrower passes away, sells the home or permanently moves out. If you choose to tap into your home’s equity, make sure that you...
giving you the knowledge and resources to make the essential choices for your loved one. We all want our loved ones to receive compassionate care and the correct amount of attention, so lets get started. #1 Research Memory Care Communities After deciding, an easy first step to research is typ...
Another way to foot the bill for home repairs is with acash-out refinance. This entails refinancing your mortgage for more than what you owe and pocketing the difference in cash. Mortgage lenders generally let you borrow up to 80 percent of your home equity. So, let’s say your home is ...