Senior home wealth just hit a record high. Here's how to borrow from it now.
Summary
Home values owned by seniors aged 62 and older reached a record high of $14.92 trillion in early 2026. Seniors can borrow against this home equity using options like reverse mortgages, home equity loans, or home equity lines of credit.Key Facts
- Senior home wealth rose by $314.8 billion (1.8%) in the first quarter of 2026 after previous declines.
- Total home equity for seniors aged 62+ is now $14.92 trillion.
- Reverse mortgages allow seniors to borrow without monthly repayments until death or sale of the home.
- Home equity loans have average interest rates around 7%, lower than personal loans or credit cards.
- A home equity line of credit (HELOC) offers a revolving credit line with variable rates and payments starting after an initial period.
- Both home equity loans and HELOCs use the home as collateral, meaning borrowers could risk losing their home if payments are missed.
- Reverse mortgages reduce home value and may affect inheritance plans.
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