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The House, Remarriage, and Long-Term Decisions

What if the house needs repairs I can't afford?

Short answer

Options: a home equity line of credit (HELOC) if you have equity, a reverse mortgage if you are 62 or older, a sale-leaseback arrangement, or selling as-is to a cash buyer at a lower price. Be cautious about contractor solicitations that appear…

What this usually means

Options: a home equity line of credit (HELOC) if you have equity, a reverse mortgage if you are 62 or older, a sale-leaseback arrangement, or selling as-is to a cash buyer at a lower price. Be cautious about contractor solicitations that appear after an obituary — predatory contractors target surviving spouses specifically.

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