QUESTION:

equity loans for seniors

I am a senior 72 years old and my credit rating is not good, can i still get a equity loan?
asked by pspat35, 7/3/2008
Categories: Aging, Health Insurance, Early Retirement
ANSWERS:
Answered by: Editorial, 07/07/08
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You probably can not get a home equity loan. Many seniors find home equity loans and even refinancing difficult due to their fixed income -- and a poor credit rating compounds the problem.

However, you may be eligible for a Reverse Mortgage. Learn more here:
http://www.newretirement.com/Services/Reverse_Mortgage.aspx

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