Home Equity in Retirement
For most Americans, their home is their largest retirement account. Learn how to tap into that equity safely to ensure a comfortable and secure retirement.
The Expert Advice
Don't wait until you've stopped working to tap your equity. It's much easier to qualify for a line of credit (HELOC) or a cash-out refinance while you still have a W-2 salary. Get the funds in place now so they are there when you need them.
The Real Problem
Being "House Rich and Cash Poor." Having a $1M home with no mortgage is great, but it doesn't pay the grocery bill. If your liquidity is low, your home equity is a "sleeping giant" that needs to be woken up.
Downsizing
Sell the big house, buy a smaller one for cash, and invest the difference for monthly income.
Cash-Out Refi
Take a lump sum of cash at a fixed rate to pay for medical costs, travel, or to help children with a down payment.
HELOC
A flexible line of credit that you only pay for when you use it. Perfect as an "emergency fund" for retirees.
Equity Strategy Framework
The "Legacy" Move
Use a cash-out refinance to give your children their inheritance now, while you are here to see them use it for their own home or business.
The "Safety" Move
Keep a HELOC with a $0 balance. If the stock market drops, use the HELOC for living expenses instead of selling your stocks at a loss.
Step 1 of 4
Your mortgage journey starts here
What is the loan purpose?
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Request a free consultation. We'll analyze your situation and offer the best financing options.
Locations
380 Red Lion Rd, Suite 209
Huntingdon Valley, PA 19006
Our Office
380 Red Lion Rd, Suite 209 · Huntingdon Valley, PA 19006