Advantages to staying

Check out your current situation. Are you nearby your family, friends, and other familiar activities? If so, moving could complicate your social life. Also, consider if your home is already adapted to your way of life. You might have to spend money on upgrades to a new place to make it right for you.

Think about the future

Mobility, as time goes on, could become an issue so you have to determine whether your home is suitable/adaptable and if your current location is convenient to things like:

• Medical services
• Public transportation
• Grocery stores
• Pharmacies
• Other essential services

Financial Issues

Finances are at the root of all purchases whether large or small, so evaluating your current situation and what you can afford is extremely important. There are many options besides selling your home if you need to free up some cash.

Here are three major questions to ask yourself:

• Is your current home affordable on retirement or savings?
• Is your home equity available to support retirement expenses? If so, a HECM loan might be a good choice for you.
• Is your home equity enough to support remodeling for a new lifestyle? A home improvement loan or equity line of credit could help.

Everyone's situation is different, and everyone needs a different fit. Your current home can be your optimal retirement destination. Talk to your CCM agent to explore ways to make it - and your equity - work best for you.