What Is Home Equity And How Can It Be Used?
accurate as of
April 4, 2017
in Blog

What Is Home Equity And How Can It Be Used?

For many Americans, the equity they have in their home is their largest asset. Often times, their home equity makes up more than half of their net worth. However, despite the large amount home equity held by homeowners 62 and older; many don’t fully understand how it’s measured or how to incorporate it into a comprehensive financial plan.1

Fortunately, the National Reverse Mortgage Lenders Association (NRMLA) recently published a helpful article that covers the following information:  what home equity is, how it can be extracted and used, and what home equity options are available to senior homeowners.1

NRMLA is a national agency that advocates commitment to the highest ethical standards for the reverse mortgage industry. NRMLA strives to ensure that America’s senior population receives accurate information, so that you can borrow with confidence.

Click on the image below to download your free copy of the article today!

If you’re considering accessing your home equity and would like to learn more, please use our Reverse Mortgage Calculator or call 800-218-1415.

1 What is Home Equity? – reversemortgage.org, by NRMLA, 3/23/17, http://www.reversemortgage.org/HomeEquity.

Author:  Meredith Manz