If you own your home, a reverse mortgage loan will pay you in monthly advances or through a line of credit. Reverse mortgages convert home equity into cash with no repayment required for as long as borrowers live in their homes. Because of the complex nature of reverse mortgages, you may wish to seek the advice of an attorney, financial advisor or accountant before taking out this type of loan.
When you want to measure something at home or in the hardware store and you don’t have a tape measure handy, try using a dollar bill. It’s 6 1/8 inches long and almost exactly 1 1/2 inches when folded in quarters.