Apr 28, 2022
As you approach retirement, questions about your house will probably pop up. Should you think about downsizing, refinancing, and paying off the house completely? There’s a lot to consider about this large asset. So, today we are going to break down some of the most common retiree questions we get about housing.
With interest rates still historically low should you be paying off your house as soon as possible or should you focus on paying the minimum? Some clients prefer one strategy over the other, a lot of people want their mortgage done with before retirement. Downsizing has been a common retiree move, but this is trickier in today’s market. Is it still a good idea? Join us today as we unpack these questions and more!
What we discuss:
2:16 – Pay it off now or pay the minimum?
7:33 – Should you downsize?
14:24 – Are reverse mortgages a good or bad idea?
23:04 – Is a home equity line a good idea for major purchases?
Contact:
If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/