Sentences with phrase «by tapping home equity»

Families commonly then fill that gap either with unsubsidized private loans, or by tapping home equity.

You can make home improvements, consolidate debt, cover emergency expenses or even pay college tuition by tapping home equity.

Not exact matches

This is even more important when your debt is secured by your home if you choose to tap into its equity.

You will probably try to tap your own sources of funds first by using personal loans, home equity loans, and even credit cards.

A cash - out refinancing could accomplish two goals in one move, by improving your mortgage terms and tapping into home equity.

Prepared by the Brondesbury Group last month, the study also found that when homeowners were given five ways to extract equity from a home — via downsizing, selling then renting or tapping a Home Equity Line of Credit — 41 % were unwilling to equity from a home — via downsizing, selling then renting or tapping a Home Equity Line of Credit — 41 % were unwilling to dohome — via downsizing, selling then renting or tapping a Home Equity Line of Credit — 41 % were unwilling to doHome Equity Line of Credit — 41 % were unwilling to Equity Line of Credit — 41 % were unwilling to do so.

Tap into your home equity responsibly and conveniently by taking advantage of our highly competitive fixed interest rates.

If an income gap is anticipated during retirement, perhaps it can be eliminated through lifestyle changes in your fifties and sixties - for example, by saving at a higher rate, working longer, tapping into home equity, or deciding to have a less luxurious lifestyle in retirement.

So if you opt for the annuity payments, you'll want to be sure you have other resources you can dip into for extra cash and liquidity, say, money in an IRA or other retirement account or home equity you can tap by downsizing or taking out a reverse mortgage, two options that are laid out in detail in the Boston College Center For Retirement Research's Using Your House For Retirement Income report.

On the other hand, if you're already retired, then the right way to deal with lower returns may be to pare living expenses where possible, tap home equity by downsizing or signing up for a reverse mortgage, taking on a part - time job or even relocating to a part of the country where the cost of living is lower.

When it comes to «credit things» I think a higher percentage of people are trying to tackle their budgets by keeping their spending down to align more with their income realizing the tapping into their homes equity days are over, at least for the time being.

Older homeowners looking for ways to raise current income may consider tapping into their home equity by using a reverse mortgage.

Similarly, if you've got equity in your home, you may be able to tap it by downsizing or taking out a reverse mortgage.

Hot Links Reverse Mortgages Older homeowners looking for ways to raise current income may consider tapping into their home equity by using a reverse mortgage.

Ultimately, you will pay many thousands more by tapping into your home equity than if you had left your unsecured debt alone.

Home equity is often depicted by the mortgage industry as a piggy bank you can tap into at will.

While it is possible to tap the equity in your home by taking out a loan against it, using your house as an ATM has proved to be a foolish strategy in the past.

If you're a homeowner, for example, you might tap the equity in your home for retirement income by downsizing to a smaller, less expensive house that's also less costly to maintain or by taking out a reverse mortgage, which can provide regular income, a reserve of cash you can dip into when necessary or both.

If you own a home, you might also consider tapping into the equity by taking out a reverse mortgage or downsizing to smaller, less expensive digs to come away with a chunk of extra cash that can supplement your nest egg.

When you tap your equity, you get cash backed by a home loan.

Indeed, you can potentially save hundreds of dollars each month by tapping into that home equity through a mortgage refinance.

save hundreds of dollars each month by tapping into that home equity through a mortgage refinance

You will probably try to tap your own sources of funds first by using personal loans, home equity loans, and even credit cards.

A Home Equity Conversion Mortgage, or HECM, can be a great way to supplement your retirement by tapping into the equity of your hHome Equity Conversion Mortgage, or HECM, can be a great way to supplement your retirement by tapping into the equity of yourEquity Conversion Mortgage, or HECM, can be a great way to supplement your retirement by tapping into the equity of yourequity of your homehome.

You are a homeowner looking for borrowing flexibility by tapping into the equity in your house (Home Equity Line of Crequity in your house (Home Equity Line of CrEquity Line of Credit).

@Done by Forty — There are two reasons I'm more comfortable tapping home - equity to buy a rental property (as opposed to invest in the market):

Now, however, to tap into the equity in their homes, homeowners are accomplishing the same goals simply by refinancing their existing mortgage loans and taking an excess cash amount.

The following infographic, provided by the National Reverse Mortgage Lenders Association, offers great insight into home equity and how you can tap into it.

(MCT)-- Over the years, celebrities such as Robert Wagner, Alex Trebek and Fred Thompson have touted reverse mortgages as a way to supplement a senior's fixed income by tapping equity that has accrued in their home.

Founded in 2004 by Thomas Sponholtz, a former executive at Barclays Global Investors, FirstRex previously offered homeowners a way to tap their equity without taking on new debt by selling a stake in their homes.