In this video, I explain what home equity is (the value of your home minus what you owe) and discuss several ways retirees can access this equity to fund their retirement. I cover options like selling and downsizing, home equity loans/lines of credit, and reverse mortgages, noting that while reverse mortgages allow you to access equity without monthly payments, they come with trade-offs that need careful consideration. I emphasize how home equity often becomes a significant part of people's retirement savings, which is why I'm such a strong advocate for homeownership over renting.
