Motley Fool Money How to Factor Home Equity Into Your Financial Plan
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Aug 23, 2025 Matt Frankel, a Fool contributor and certified financial planner, joins to discuss how to leverage your home's equity for financial gain. He breaks down strategies for tapping into record-high home values via loans and HELOCs, emphasizing the need for responsible planning. The conversation also covers the evolving housing market, highlighting trends like rising inventories. Additionally, they tackle the $84 trillion 'Great Wealth Transfer' from Boomers, stressing the importance of estate planning and open family discussions.
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Trim Insurance Costs Strategically
- Shop insurers and raise deductibles to reduce rising car insurance premiums.
- Consider cutting collision/comprehensive on older cars and keep savings in a high-yield account for repairs.
Homeowners Hold Record Equity
- U.S. homeowners now sit on an all-time high of roughly $35 trillion in aggregate equity.
- Matt Frankel notes this equity is more liquid than before thanks to modern financing options.
Pick The Right Way To Tap Equity
- To access equity without selling, choose among a home equity loan, a HELOC, or a reverse mortgage depending on needs.
- Each option differs by structure: fixed-term loan, credit-line flexibility, or reverse payments to older homeowners.