My spouce and I have the 70s and have now lived-in only one residence all our schedules. It needs a lot of investment property on modernizing it simply because it was actually built before we were married.
You estimate the sum involved is approximately 40,000 but we really do not have the cash for doing this. Nor are we able to create a home loan because we are both from the later years retirement. Continue reading “Must we acquire a “life mortgage” against the value of the residence?”