Learn how an Equity Sharing Agreement can help provide cash for retirement without the burden of new monthly mortgage payments or high interest.
Homeownership allows you to build equity over time both as you pay down your mortgage, and property values appreciate. This equity contributes to your overall net worth; it’s a valuable asset.
Tapping into your home equity is a great way to access funds for immediate financial needs. While selling your home is one way to achieve this goal, there are many other solutions that allow you to take equity out of your home.
Cash-out refinancing can be a good option for homeowners who need quick access to funds, but it's not the right move for everyone. Fortunately, there are other options available to you.
You’ve probably heard it’s good to build equity in your home. But what is home equity, exactly? How can you calculate the equity you have in your home? What can you even use that home equity to do?
If your child is making the transition to college this year, you yourself may be anticipating a transition of your own: the “empty nest.”
Technically, the “Accessory Dwelling Unit” (ADU) has been around since the 1980s, though the concept itself is much older. If the phrase doesn’t ring a bell, you might know it better as “granny house” or “backyard cottage.”
Homeowners preparing for retirement could be sitting on a sizable, untapped financial asset—your home equity. If you've been paying off your mortgage for a while, chances are you could be using that home equity for your retirement income.
