Quote:
Originally Posted by BuddyLee
If you are going to borrow against the house or refinance for the lower rate is is better to do it before you retire. Loans are based on income so with a lower income you may not qualify for a loan at all or it will be for a smaller amount.
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My plan is to pay off the mortgage before I retire. The HELOC is already set up so I have that if I want to use it in the future.