If you鈥檙e 62+ and need cash now, read this.

Shopping

Jul 7, 2025
Jul 7, 2025
0

If you're 62 or older and need cash now, a can be a great choice. Unlike a HELOC or a home equity loan, you don't have to make payments as long as you continue to live in your house. Instead, you鈥檒l receive payments from your home equity, and repayment only happens if you sell your home or in the event of your passing.

And with rates falling since January's peak, you could get better terms and interest now. View Money鈥檚 list of the to find one that works for you.