There are many benefits to using home equity for retirement income. You can tap into equity to pay for healthcare expenses, supplement income, move to assisted living, etc. Many people feel that since they’ve earned that equity, why not use it?
These are great benefits, but what are the advantages and disadvantages? When using your home equity, it’s essential to do research. The right move could give you extra income, but taking a wrong turn could cause you to lose your home.
