money values then and now
My house is paid in full. I need money now, however, how can I use my home equity to survive?
The market value of my house is about $ 500,000 and I can not sell it. I really need money to live (pay certain invoices, health care and general expenses of life, as I am retired) but I do not know what kind of "credits" can I use to use my capital. Suggestions?
You can get a reverse mortgage. A home equity loan would be useful income if you want to be a winner in the future to repay money. With a reverse mortgage is not so in the house of their children. Go to the bank. I suggest you move into an apartment and renting their home. Then, you can always sell when the economic recovery backup.
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