A Home Equity Loan Can Help Your Retirement!
Home Equity loans have come a long way.
A home equity loan is a loan secured against the value of your home. However, unlike a traditional Home Equity Line of Credit or second mortgage, you are not required to make monthly mortgage payments for as long as you live in your home. Most importantly, you maintain ownership and control of your home! For this reason, many financial planners recommend them as an important component of a comprehensive retirement plan.
You have already done an amazing job building the equity in your home, but have you ever considered using it to finance a portion of your retirement? Not only is your home most likely your biggest asset, it is your home – with many memories!
Home Equity Loans are a unique financial tool offering many benefits no other product can offer. You are able to access up to 55%* of the equity in your home, tax free! You can use the money you receive in many different ways including:
- Eliminate debt repayment
- Increase your monthly cash flow
- Help a child or grandchild
- Give an early inheritance
- Pay unexpected health costs
- Make home renovations or repairs
- Take a dream vacation
- And more!
*Some Conditions apply.