For many seniors, their home is their largest asset and is the one place they wish to remain for their best quality of life and peace of mind. However, more people are entering retirement with a mortgage or equity loan still remaining on that home – and cash flow can get pretty tight when relying on social security, a modest pension, or decreasing investment accounts. If medical bills have to be juggled or home improvements need to be made too, then it often seems the only recourse is to reluctantly sell that home and move in with family or into a rental environment.
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