Heres an image of what Rappaport and her co-workers found:. What must you do with the equity in your home? The equity in your house represents a huge part of your wealth. There are provisos in the seventy percent figure, though . The easiest way to use housing wealth to finance retirement. But it should be spotted that there's not an agreement on the best course of action.. Having said that, here are the options you've got to unlock the equity in your house.
-Pay off the mortgage, if at all possible, to reduce overall costs. -Secure a home loan or secondary mortgage on the house. -Rent out your first residence and live some place else at a cheaper price. All this suggests that theres much more work to be done, said the SOA report.
