GiddyGap@lemm.ee to News@lemmy.world · 10 months agoThe problem with America’s high homeownership ratewww.axios.comexternal-linkmessage-square13fedilinkarrow-up19arrow-down114
arrow-up1-5arrow-down1external-linkThe problem with America’s high homeownership ratewww.axios.comGiddyGap@lemm.ee to News@lemmy.world · 10 months agomessage-square13fedilink
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up6arrow-down1·10 months agoYeah they do. Home equity is a powerful tool.
minus-squareroastpotatothief@lemmy.mllinkfedilinkarrow-up1·10 months agoHow do you mean “a powerful tool”? Tool for what?
minus-squareroastpotatothief@lemmy.mllinkfedilinkarrow-up1·10 months agoOh like a security for further borrowing? Could be.
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up2·10 months agoHELOC loans are a big one Also reverse mortgage can serve as a supplement or even substitute to retirement savings It’s a financial tool that you can utilize
Yeah they do. Home equity is a powerful tool.
How do you mean “a powerful tool”? Tool for what?
Collateral, mainly
Oh like a security for further borrowing? Could be.
HELOC loans are a big one
Also reverse mortgage can serve as a supplement or even substitute to retirement savings
It’s a financial tool that you can utilize