Making home repairs using retirement savings
My husband and I are planning to sell our house in another year. Our house needs some major repairs, roof, driveway, exterior paint. We live in a highly sought-after area of NY. Should we apply for a home equity loan or use our savings to finance these repairs? We still have a mortgage of approx. $80,000 on the house. Husband is in his 70's and will stop working next year. These repairs cannot wait.