Hey everyone, welcome back to Finance Friday. It's another special edition of Money Girl where I

answer your burning money questions. Today's topic comes from Joel H, who says, love the show,

so much good advice. I just learned about a home equity investment, where you

receive a portion of your home equity with no monthly payments. I'm 59 and a half, and my wife is

51. We have a sizable amount of equity, 75% of a $2.8 million home. And I've been told we could get a home equity investment

loan for up to $500,000. I don't need the funds now, but I think it could be a way to help me retire early.

While we do have about $3 million in retirement funds, we live in the Bay Area and still have

teenagers in school, so it's not enough for us to retire yet. Is getting a home equity investment loan

too good to be true? Thank you for your great question, Joel. I'll review the pros and cons of getting

a home equity investment loan

and how it differs from some other options to tap the value of your home. I appreciate you downloading

episode 927 of the Money Girl podcast. I'm your host, Laura Adams. I'm an award-winning author. I'm a

speaker, an on-camera spokesperson,

and founder of the Moneystack. That's my sub-stack newsletter. I love you to be a part of that.

You can subscribe for free, or you can become a paid substack member and get access to live

educational events. You can learn more and connect with me at

laura d adams.com. That's also where you can sign up for the money stack. You can also record a

brief question or comment by calling our voicemail at 302-364-0308. I look forward to hearing from you. This is a great question that I've never had come up before,

and you've probably heard of a home equity line of credit or HELOC or a home equity loan,

which allows you to borrow against your home equity. Now, equity is the difference between your home's current value and any debt you owe,

like a first or second mortgage.

For instance, if your home is worth $500,000 and you owe $400,000, you have $100,000

...