• Question
  • WOULD I BE BETTER OFF JUST REFIN THE HOME

    Asked by a 70 year old man from Alhambra, CA on 12/22/2014

    WOULD I BE BETTER OFF JUST REFIN THE HOME

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  • Categories: Mortgage Refinancing, Housing

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • It depends on your situation - you could take the following steps:
    1) See if you qualify for a Refinance
    2) Model out your future cash flow if you Refinanced vs got a reverse mortgage and then compare which is a better fit. It might be worth consulting with a fee only financial advisor on this issue who can act as your fiduciary.

    You might also consider downsizing to capture some of your home equity.

  • Login to rate this answer:   Answered on 1/7/2015
**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.