Things You Should Know About Tapping Home Equity

As someone who's spent years guiding clients through the mortgage process, I know how important it is to make informed choices about your home equity. For homeowners aged 62 and up, there’s nearly $15 trillion in home equity available—whether you’re considering a HELOC, a loan, a reverse mortgage, or looking at investment options. Each path comes with its own set of risks and costs, so it’s smart to weigh them carefully. Think about how tapping into your equity might affect your long-term plans, your taxes, and your heirs. And don’t forget to shop around for the best terms. My goal is always to break down these complex decisions and help you find what truly fits your needs.