How your home equity can help alleviate cost of living pressures
Retirees are worried about the surging cost of living but a Household Loan can help them continue to live a comfortable retirement.
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Key Points
- The cost of living keeps going up and this is a tough time for everyone, but especially for retirees on a fixed income.
- This doesn’t mean retirees need to sacrifice their lifestyle.
- Household Capital can help access the federal government’s low-cost HEAS or access a regular income stream/capital.
The cost of living keeps going up and everyone is feeling the pinch, particularly retirees on a fixed income. Investment returns are flat and the Age Pension has not kept up with inflation, making life challenging.
Retirees are worried about how they’re going to get by, how they’re going to make their retirement savings last and how they’ll meet larger expenses.
Some will start sacrificing their lifestyle to be able to cover basic expenses, while others may consider downsizing to cut down on bills and increase their cash flow.
However, you may not need to do either. The solution to the accelerating cost of living may be simpler than you think and it may lie in one of the largest assets you own: your home.
Household Capital offers a Household Loan, which you can use to draw on the savings in your home - your Household Capital™.
You can choose to draw on a portion of your home equity to receive a monthly or fortnightly income stream or establish a contingency fund that you can access as required.
Unlocking this wealth allows you to meet your long-term retirement needs and enjoy a comfortable retirement despite the surging cost of living.
Lynne, Raelene and Suzanne have been friends for over 30 years and they regularly catch up to talk and sew quilts to donate to aged care facilities.
When Lynne found herself in need of a reliable car but with no way to pay for it, she reached out to Household Capital who helped her use her equity not only to buy a new vehicle but also to set up a contingency fund.
Lynne had such a great experience that she told Raelene and Suzanne about Household Capital.
Each of them used their home equity in quite different ways, but they all have the peace of mind that comes from not having to stress about money, paying the bills or not being able to do things they love.
To learn more about how you can use your home equity to continue living comfortably through retirement despite the increasing cost of living:
Download our free e-guide 6 Ways to Use Your Home Equity.
Or use our Home Equity Calculator to calculate the equity in your home.
Prefer to speak to a real person?
Speak with one of Household Capital’s retirement specialists for a 15-minute no-obligation call on 1300 699 624.
Or book a time that suits you to ask questions and discuss your needs. Schedule a call.
Applications for credit are subject to eligibility and lending criteria. Fees and charges are payable, and terms and conditions apply (available upon request). Household Capital Pty Limited is a credit representative (512757) of Mortgage Direct Pty Limited ACN 075 721 434, Australian Credit Licence 391876.
