Whether they have been misinformed or just unaware of the value of home equity loans, The Home Equity Punch List Survey found that homeowners are generally unwilling to utilize the equity in their homes to help reach their retirement goals.
$11.12T in Housing Wealth
Baby Boomers and the Silent Generation are most likely to benefit from using their home equity, but least likely to use it due to risk perceptions, lack of product awareness, and perceived need.
Most survey respondents experience anxiety over whether they will be able to achieve their desired lifestyle in their later years. Aging in place and reducing costs are the top priorities for older generations.
More Awareness Needed
43% of those surveyed said they would be interested in a home equity loan if they knew more about it, but few advisors actually discuss home equity loans with clients. Awareness and education are key.
Get the Full Report
The key to a brighter retirement may be just a few clicks away. Learn more about the opportunities that home equity may provide.