• Question
  • need money to upgrade house $20,000

    Asked by a 67 year old man from Arpin, WI on 7/23/2017

    are we able to get money to paid for renovation and went

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  • Categories: Right for You?, Reverse Mortgages

Answers

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  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    If your question is regarding whether you can use the proceeds of a reverse mortgage to renovate your home - there's an article here that discusses that question:

    https://www.newretirement.com/retirement/should-you-use-a-reverse-mortgage-to-renovate-your-home/

    Hope this is helpful.

  • Login to rate this answer:   Answered on 8/3/2017
**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.