Using a Reverse Mortgage to Improve Your Home and Age in Place.
For many homeowners, the goal isn’t to move — it’s to stay.
I often speak with homeowners who love their neighborhood, their community, and their home, but realize that the house itself may need updates to support the next phase of life. Whether that means improving accessibility, upgrading systems, or making the home more comfortable and efficient, remodeling can play a key role in aging in place.
For homeowners 62 and older, a reverse mortgage can be a valuable option to help fund those improvements. [Read more…]
Recently, I spoke with a Seattle homeowner who is planning a major remodel. Like many homeowners, he initially reached out asking about a HELOC — which is often the first option people think of when they want to improve their home. They currently have a very low rate with their existing mortgage, which is one reason why they’re considering a home equity line of credit.
Every home has a story — and sometimes that story includes a little frosting falling off the roof.
There are many options available for financing home improvements not to mention using cash or available funds.
If you have been wanting to spruce up your kitchen, bathroom or any part of your home and you don’t want to touch your low interest rate on your existing mortgage, a second mortgage could be an option worth considering. 
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