I hear the same worry over and over: "My income hasn't really changed, but somehow I have less left over every month than I did a few years ago." Even in a no-state-income-tax state like Tennessee, rising property taxes, insurance premiums, and general cost-of-living increases since 2020, documented in Harvard's latest housing report, have squeezed homeowners at every income level.
A different way to think about the gap
If you own your Tennessee home and have equity built up, whether from decades of ownership or from selling a higher-priced home elsewhere before relocating, that equity can be one of the tools that closes this gap. A Longbridge Platinum line of credit, with no mandatory monthly payment, can supplement income without touching investment accounts. For Del Webb community owners protecting a low mortgage rate, HomeSafe Second accesses equity while leaving that mortgage untouched.
Licensed in Tennessee: A reverse mortgage is a loan that must be repaid when you sell, move out permanently, or pass away. This is not financial advice. David Rider, Tennessee license #200787 (matches NMLS) · NMLS #200787.
