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9 Ways to Use Your Home Equity During Retirement
Financing Retirement

9 Ways to Use Your Home Equity During Retirement

The home equity you’ve built up can be leveraged as one of your most valuable retirement assets. With a reverse mortgage loan, you can turn your home equity into funds you can use today, or a line of credit that will be there when you need it down the line.

According to U.S. census data, home equity accounts for 66% of the net worth of people between the ages of 65 and 69, and 74% for those who are 70 to 74. Many retirees live on a fixed income, so if there’s extra money for the taking, why not take advantage?

Are you sitting on a retirement gold mine?

Exclusively available to homeowners and homebuyers age 62 and older, a reverse mortgage loan allows you to borrow against the equity in your home. So, instead of paying on a traditional mortgage each month and gaining equity in your home, your reverse mortgage lender provides you with a lump sum, line of credit, a steady stream of monthly funds, or a combination of these, while you continue living in and owning your home.* By doing so, you can have more financial freedom to live the retirement lifestyle you’ve worked so hard to achieve.

Unlike a traditional mortgage, the loan does not have to be repaid until you move out, pass away, or sell the home. (As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, maintenance, and any homeowners association fees.)

A reverse mortgage has the potential to be a key component of your retirement strategy. Funds can be utilized in various ways, including: 

  1. Refinancing your existing mortgage and debt to free up monthly cash flow
  2. Establishing a steady stream of monthly funds to continue for as long as you live in your home, to supplement your retirement income
  3. Paying for home remodeling to make your home safer, more comfortable and better suited to your evolving needs
  4. Setting up a line of credit that can’t be canceled or reduced (as long as you meet your loan obligations) — unlike a traditional home equity loan or home equity line of credit — so it’ll be there for health emergencies or other unexpected expenses
  5. Paying for supplementary medical insurance coverage, or as an alternative to long-term-care insurance
  6. Financing services that can make “aging in place” possible, like housecleaning, meal preparation, landscaping and transportation
  7. Funding your children’s or grandchildren’s college or professional education
  8. Consolidating debt to reduce monthly bills
  9. Buying a home that better fits your life — for example one that requires less maintenance, is “right-sized” for your current and future needs, is closer to friends or family, and/or in a more social or convenient location.

Increase your spending power now  

Harnessing the power of home equity can help you gain greater financial flexibility and security, so you can make the most out of your retirement. For more information, call Reverse Mortgage Funding (RMF) today at (888) 277-1567, and set up a convenient phone appointment with an experienced reverse mortgage specialist.

This content is sponsored by RMF, one of the nation’s leading reverse mortgage lenders. We are dedicated to helping older Americans live the retirement lifestyle that they imagined and deserve, in the comfort of their own home. As a result of our commitment to providing an extraordinary and positive customer experience, we have earned a 96% customer satisfaction rating; a 5-star / Excellent score on Trustpilot; 4.8 out of 5 stars on LendingTree; and an A+ rating with the Better Business Bureau. Call (888) 277-1567 to speak with a licensed reverse mortgage to learn about our retirement financing products and solutions.


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

Check Eligibility

* Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.



See what funds you may be eligible for with our free instant reverse mortgage calculator.

By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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