Essential Mortgage Planning Tips BEFORE you Retire/Quit Your Regular Job
As you approach retirement, before relocating or downsizing, or otherwise before losing your regular predictable employment income, you may want to consider (it's smart financial planning in my opinion) to position yourself to retain access to your home equity and be aware of your lending options. Once you lose your regular employment income, your lending options are drastically reduced and your home equity may become trapped forcing you to sell or change your plans if there is an acute need for money. I always say, the best time to apply for credit is when you don't need it! Please enjoy the video (click the image) and the supplementary discussion below.