Sentences with phrase «even tapping home equity»
The FHA offers a variety of loan options to meet various needs, including purchasing, refinancing, home improvement and even tapping home equity to obtain funds for various purposes.
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You can make home improvements, consolidate debt, cover emergency expenses or even pay college tuition by tapping home equity.
This is even more important when your debt is secured by your home if you choose to tap into its equity.
If this is the case, the surviving spouse can tap into the home's equity to raise cash for any purpose, or even pay off an FHA or conventional loan to eliminate mortgage insurance.
You will probably try to tap your own sources of funds first by using personal loans, home equity loans, and even credit cards.
On the other hand, if you're already retired, then the right way to deal with lower returns may be to pare living expenses where possible, tap home equity by downsizing or signing up for a reverse mortgage, taking on a part - time job or even relocating to a part of the country where the cost of living is lower.
If this is the case, the surviving spouse can tap into the home's equity to raise cash for any purpose, or even pay off an FHA or conventional loan to eliminate mortgage insurance.
You will probably try to tap your own sources of funds first by using personal loans, home equity loans, and even credit cards.
But even if people today don't actually pay down the mortgage balance, in the event of an unexpected expense, tapping into the equity in the home is almost always much cheaper than tapping into that 401 (k)(the latter subject to penalties and taxes).
You can scale back your lifestyle and spending, postpone retirement until your chances improve or consider other adjustments such as working part - time in retirement, tapping home equity with a reverse mortgage or even relocating to an area with lower living costs.
Even then, Ellis suggests retirement may be less lavish than we might hope, and suggests tapping home equity to make ends meet in certain situations.
If this is the case, the surviving spouse can tap into the home's equity to raise cash for any purpose, or even pay off an FHA or conventional loan to eliminate mortgage insurance.