Quote:
Originally Posted by Dotneko
I would like to know where you would get a heloc with no income? As a retiree, with a fixed, small, income, at what bank should i apply?
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You are correct. That is addressed in the post. A RM may be appropriate under certain circumstances. Perhaps downsizing would solve a cash flow issue? There are other options. A fiduciary financial planner will help to determine the best path going forward.
Now, RM’s are being marketed to people with substantial assets for “what if” situations which may never occur.