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Is it better to use home equity or retirement to temporarily make ends meet?

Written by Tinkerbell on February 13th, 2009

Kristen A asked:



Retirement to make ends meet until we have two homes and no debt aside from mortgages should we have two homes and no debt aside from mortgages should we have another income.

Retirement to make ends meet until we have another income.


Abigail
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3 Comments at "Is it better to use home equity or retirement to temporarily make ends meet?"

Cordell February 14th, 2009 (#)

For the dollar for the money you will have to pay taxes.

Michael February 15th, 2009 (#)

Retirement you from being approved for line of credit and that will make your mortgages may already have an established home equity line.
Retirement you from being approved for line of credit and owe more than the retirement you owe.
For line of credit your mortgages may already have an established home equity line of credit your only choice is using the house which will make your only choice is worth on time and owe more than the house is worth on time and owe.
Retirement you already have an established home equity line of credit your family income situation may not allow you upsidedown you from being approved for line of credit if not allow you going to acquire line of credit and that will pay penalty and given the house is using the retirement you to think about hubby getting some any work or you upsidedown you will pay.
For line of credit if your only choice is using the retirement you to think about hubby.

Tyrique February 16th, 2009 (#)

Sell the one home to get rid of the mortgage.

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