01/30/2024
No financial product is free. 💰 We pay premiums for stock market commissions, insurance, and management fees in addition to taxes for things like investments, retirement distributions and asset sales. 💸
Costs are associated with more conventional home-equity-utilizing products, like home equity lines of credit (HELOCs) and cash-out refinance mortgages. Today costs are quite comparable on a cash-out refinance vs a home equity conversion mortgage (HECM/Reverse Mortgage). 🏡✨