Could you get a home equity line of credit? sm

In Reply to: Anyone familiar with a reverse mortgage? DH posted by wants to do this and the idea scares me. sm on Mon, May 09 2022 at 07:24 PM CDT:

I know nothing about reverse mortgages but if you got a home equity line of credit, you could use the equity in your house and still own it, just minus what you borrow. Just another option to consider.

Follow Ups:

• We already did a HELOC about 4-5 yrs back and paid off a lot of debt plus reduced the mtg interest. SM Wed, May 25 2022 at 02:16 PM CDT (2)
  • Does your area not have a tax ceiling for ages 65 & up or disabled? We locked our tax rate in years ago. SM Thu, May 26 2022 at 12:49 PM CDT (1)
    • Good tip to check out, will do that. Thanks. nm Thu, May 26 2022 at 02:58 PM CDT (0)

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