we don't hold a mortage on our home we are retired can we get a mortage or a home equity to finish our home improvements

You should have no problems at all.. But yes.. a Home Equity Line of Credit (HELOC) is a mortgage.. any loan that is secured by your home is considered a mortgage. There are several options available to you.. a HELOC is one, a regular "cash out refinance" is another option, and if you are 62 or older, you can do a reverse mortgage. I suggest you contact a local mortgage professional, and sit with them, let them look at your complete loan scenario, and let them put together several options for your consideration. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

A Home Equity is considered a mortgage lien against your home. You can access to a the Home Equity as a line of credit or a mortgage amount. If you are retired, age 62 1/2, with the documented financial ability to pay your real estate taxes and home owner insurance, you may be eligible for a Reverse Mortgage. There are Reverse Mortgage Fixed or variable rate line of credit options which can be used for any purpose. We are licensed in NJ and NY if you have any questions. tel: 800-327-0123.Best,Ted

HELOC is a mortgage ....assuming your retirement income is ample - getting a debt consolidation cash back refinance should be possible