Home equity can fund modifications or care costs through several structures, each with different tradeoffs.
Common options
- Home equity line of credit (HELOC) — flexible, but requires ongoing payments and qualifying income
- Reverse mortgage — no monthly payments required, but reduces the equity available later
- Selling and downsizing — converts equity to cash outright, with the tradeoff of relocating
A fee-only financial planner can model which option best fits your specific timeline and care needs.
This article is general information, not financial or legal advice. Costs, financing terms, and regulations vary by location and provider — confirm current details before making a decision.