Streamline income from home equity into your wallet
A home is one of the most significant investments you’ll make. Yet, chances are you’re not making the most of what you have. What if you could convert your home equity into money you could use on demand?
This isn’t another reverse mortgage solution. Instead, it’s a streamlined home equity conversion to supplement your income in retirement.
What is home equity?
Home equity is the difference between the value of your house and what you owe on it. As you pay monthly mortgage payments, your build equity. Once you pay the balance in full and don’t owe the mortgage company, you have 100% of the value in home equity.
However, home equity is more than just paying off a mortgage loan. It’s an asset you can access during retirement to avoid financial stress and meet your income needs.
How to use home equity in retirement?
Using home equity to access cash isn’t a new idea. You’ve likely heard about some of the more common options to access your funds:
● Home equity loan
● Home equity line of credit
● Reverse mortgage
But those solutions often don’t take into account where you’re at in life and may not support your financial goal in retirement. But you don’t want a lump sum of cash. What you need is a secure source of funds to supplement your retirement income. That’s where the monthly income comes in.
The best way to turn home equity into retirement income
Traditionally, homeowners can’t readily convert home equity into cash. You generally need to undergo a lengthy application and underwriting process, and you won’t see the funds for up to eight weeks. But you own your home and should have access to the equity you’ve built up over the years — without jumping through hoops.
The monthly income from SixtyFive is a streamlined option that reliability turns cash from home equity into cash in your wallet. It allows you to access the wealth in your home and convert it into an additional source of income.
Related: 9 ways to cut your retirement expenses now
How it works
Consider this scenario: On one side, you have your house with equity and income potential. On the other side, you have your wallet with money you can use today. SixtyFive is the pipeline between the two. It gets the cash from your “house wallet” into “today’s wallet.”
It’s much simpler and faster than a home equity loan or line of credit and much less complicated than a reverse mortgage. Your monthly line of credit is available in just four days. You can access your home equity on demand when you need it most — for paying off debt, optimizing Social Security or retirement account withdrawals, or covering the rising cost of healthcare.
You won’t pay an origination fee or tie up any existing income because there are no monthly payments. It’s created for retirees, to give you financial confidence and flexibility.
Your home may be your most valuable asset. Why not use its equity to ensure a more secure retirement? A monthly income from SixtyFive can be just what you need to get — and stay — on track for retirement. Find out more today.