Where there was once a short list of financial options when purchasing a house there are now several options developed for mature purchasers. For instance:

HOME EQUITY LINE OF CREDIT: This is a low cost, flexible source of credit that can provide significant tax advantages. You withdraw the money as needed and pay interest only on actual amounts you with withdraw from your credit line. Because it's a mortgage, the interest is usually tax deductible (unlike other forms of credit such as personal loans and credit cards).

1031 TAX DEFERRED EXCHANGE: This tax program allows you to sell a current investment property and re-invest without experiencign a high capital gains tax at this time. THis is not for your primary residence. Funds must be held by an intermediary and you must identify a new investment property within 45 days. Nevertheless, this would make a great tax opportunity.

CASH: A great way for a 50+ consumer to buy a home is by paying for it with cash. All you have to concern yourself with are the taxes and monthly upkeep. A cash buyer may be able to make a sharper deal. As you get older living costs wil be cheaper since you are not bound by a mortgage. Finally you can always use the value of the house to fall back upon if conditions demand it.