Turning that Mortgage Around
Your house that you bought so many years ago represents one of the biggest investments of your life. By the time you approach retirement, if you have stuck with it, you may well have that house paid off. And with appreciation, that home may be worth twice or three times what you paid for it and you have all the equity from those years of house payments. Therefore, in addition to the joy you have had living in that house and raising your family there, that house is also can be a big part of your retirement planning as well.
It used to be that to take advantage of that equity when you enter retirement, you either had to sell the house and go live in a nursing home or retirement community or you took out a new mortgage borrowing against the equity and you find yourself paying huge interest payments […]
Original post by admin