Summary
Older homeowners are sitting on a massive amount of wealth — roughly $17 trillion in home equity — a resource that could dramatically improve retirement security for many. The article outlines five main ways to tap that equity: a home-equity loan, a home-equity line of credit (HELOC), a reverse mortgage, shared-equity agreements, or downsizing. Each option offers different trade-offs in terms of flexibility, payments, and long-term costs. Used thoughtfully, home equity can provide a low-cost, flexible supplement — but it isn’t risk-free.
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