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At 57 and widowed, you might consider downsizing from your home to a condo. A Home Equity Line of Credit (HELOC) can be a strategic option, allowing you to purchase a condo without needing to sell your current home first. While a HELOC provides flexibility and potential cost-saving benefits, it also comes with risks such as variable interest rates and long-term debt. It's important to weigh these factors and explore alternative options before making a decision.
Source: YAHOO