Portrait of positive old senior couple smiling and sitting together and spending leisure time while drinking coffee in balcony
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If you’re a retired homeowner, there’s a good chance that your property is worth far more than you paid for it — and that equity could be a lifeline.
Should You Use a HELOC in a Financial Emergency?
As a homeowner, you likely have a lot more equity in your house than you did just a few years ago.
Mortgage interest rates have fallen to their lowest point since mid-December, and have remained under 7% for the third consecutive week.
You plan to keep your house for a long time. But it needs some work. Renovations are expensive, and you want to avoid getting in over your hea…