Home Equity Solutions for Extending Retirement Expenses
Alternatives to Reverse Mortgages – You Have Options When It Comes to Tapping Your Home Equity for Living in Retirement
Several trends are conspiring to make it necessary and relatively easy for retirees to tap into their home equity to supplement their retirement expenses.
Retirees are living longer, face greater out of pocket health spending, struggle with the uncertainties of the economy (inflation, fluctuations in the stock market and more) and are less likely to have reliable pensions and other lifetime income sources than ever before.
The good news is that these retirees have – in many cases – built a source of wealth in their home equity and that there are many different financial products that enable seniors to access their home equity.
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Or, compare the
advantages and disadvantages of these home equity solutions.