4 ms·
Unless she resorts to a reverse mortgage, it's surprisingly difficult to refi when you have no earned income. I have over 1M equity in my house but can't access
by masonic 7y ago
Unless she resorts to a reverse mortgage, it's surprisingly difficult to refi when you have no earned income. I have over 1M equity in my house but can't access it while unemployed (according to lenders I've contacted, including credit unions with whom I have 30+-year ties.)
- rcpt 7y agoLet's say property taxes are 2%. She's got a $1M house so thats $20k per year for the rest of her life. Is it really that hard to borrow $200k against a $1M house?