Based on these numbers you wouldn’t have enough equity to qualify for anything. Use the AARP calculator to see but I don’t see anything you can do with this.
We were offered $134,000 with no up front costs.
This would allow us to pay off the home and second mortgage, along with some on the credit cards.
Jane will still have the $1,400 a month SS and that would allow us .. 'at least' $900.00 a month free to purchase food and other necessities.
The claim is that whatever equity is added to the home over the years would be ours. (True?)