Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore.
A Smaller Home Could be Your Best Option
Senior Property Tax Exemptions 101: How You Can Save Big
Every dollar counts, especially when you’re living on a fixed income. That’s why senior discounts rank among the best perks of aging—aside from wisdom, of course!
Discounts on dining, movie tickets, travel, groceries, and property taxes are yours just for reaching a certain age.
Wait, property taxes?
3 Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.
As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it. Here are a few examples.
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