One Cool Thing — Seeking Home Equity

Whenever I hear about someone thinking about tapping into their home equity, I wonder if they realize how that will effect their retirement.  A paid off home at retirement is a blessing, especially considering that the retirement income will generally be lower than the working income.  Think about that before you tap into your equity.

The other thing to consider is that many tap into their equity to pay off credit card debt; without really changing their spending habits. A few years later those same credit cards are at their limits and they tap into their equity again. Definitely a financial death spiral.

Refinancing for a lower rate or to shorten the years on a mortgage is always something worth considering, but taking out your equity can bite you back in the long term.

Start Building Your Memories,
as you turn your house into a home.

As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at  For information about properties available for sale and for more information for buyers and sellers, please visit our website at and don’t hesitate to give us a call or drop us an email with your questions.

WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete blurb with it: Jack Edwards, your real estate advocate, specializes in helping buyers and sellers in Elk Grove, CA,  and the greater Sacramento area. BRE License # 01331087


©2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office Is Owned by a Subsidiary of NRT LLC. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. CalBRE License #01908304