The Biggest Pitfall of Using a HELOC for Cash in Retirement
I’ve chatted with many seniors over the years who believed that a HELOC is a better option than a reverse mortgage for cash in retirement.…
Tag: heloc
One Couple’s Tragic Situation And Why I Couldn’t Help Them
What do you think it’s like to be in your late eighties, in declining health, without a dime in the bank, and facing foreclosure? I…
What One Couple Did to Get a Reverse Mortgage Was Pretty Crazy (Or Was It?)
Accountants and financial advisers beware, this case study might freak you out a bit. What if I said that a couple chose to drain their…
The Financial Iceberg You Definitely Want to Avoid in Retirement
I’ve worked with a lot of retired seniors over the years who had no clue they were headed dead-on for a financial iceberg. Many signed…
INFOGRAPHIC: Is a HECM or HELOC Better for Your Retirement Funding Needs?
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