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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Locations
111 Buck Rd, Unit 500, Suite 1
Huntingdon Valley, PA 19006
Our Office
111 Buck Rd, Unit 500, Suite 1 · Huntingdon Valley, PA 19006