Читать книгу Personal Finance After 50 For Dummies - Eric Tyson - Страница 68

If you’ve owned a home over the years and it has a decent amount of equity in it (the difference between its market value and the mortgage debt owed on it), you can tap into that equity to provide for your retirement. In order to tap into your home’s equity, you have two primary options:

 You can sell your home. After you sell your home, you can either buy a less costly one or rent.

 You can take out a reverse mortgage. With a reverse mortgage, you continue to live in your home and draw income against your home, which is accumulated as a debt balance to be paid once the home is sold (check out Chapter 8 for more info).