Tag Page SeniorFinance

HELOC or Reverse Mortgage? Real Talk for Seniors

Thinking about cashing in on your home’s value? Here’s the scoop: HELOCs are like a credit card for your house—great for quick fixes or renovations, especially since rates have dropped to around 8% (way less than credit cards). But you’ll need to make monthly payments. Reverse mortgages, on the other hand, let you turn your home into cash with no monthly bills, perfect if you’re tight on income. Just remember, it eats into your home’s value over time. Always compare your options and see what fits your lifestyle best! #HomeEquity #SeniorFinance #MoneyHacks #HELOC #ReverseMortgage #RealEstate