• Question
  • i need to get money out of my house to pay off bills and to live on

    Asked by a 81 year old woman from Elliston, VA on 6/21/2012

    I need to get money out of my house to pay off bills and to live on

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  • Categories: Housing, Tapping home equity

Answers

  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • A Reverse Mortgage is a popular way to get money out of your house to use for retirement expenses. It can also be a fairly efficient way to pay off bills.

    You can find a Reverse Mortgage lender and get an instant estimate of your Reverse Mortgage loan amount here:
    https://www.newretirement.com/Services/Reverse_Mortgage_Calculator.aspx

  • Login to rate this answer:   Answered on 6/21/2012
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  • Me too, but I'm not 62 yet. Are you? If "yes", check out the Reverse Mortgage calculator here at NewRetirement, to see if one would work well for you.

  • Login to rate this answer:   Answered on 7/10/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.