Unlock Your Home’s Hidden Cash

Financial PlanningInsurance Planning
Written By Jay Kadlec

4 Smart Ways to Tap Your Equity 🏡

Your home isn’t just a roof over your head—it’s a goldmine of opportunity! With homeowners sitting on $200K+ in equity on average, here’s how to turn your property into cash without selling it.

1️⃣ Cash-Out Refinance: Reset & Collect 💵

How it works: Swap your current mortgage (or lack of one) for a loan and receive money back.

  • Best for: Getting cash AND/OR lowering your rate

  • Watch out: Closing costs (2-6% of the loan) and restarting your loan term

Example: $400K home → Get $65K cash after fees!

2️⃣ Home Equity Loan: Lump Sum, Fixed Payments 🔒

How it works: Borrow against equity with predictable payments.

  • 👍 Pros: Stable rates, tax-deductible interest (if used for home upgrades)

  • 👎 Cons: Higher fees than HELOCs

Ideal for: Big one-time expenses (roof replacement, medical bills).

3️⃣ HELOC: Your Home’s Credit Card 💳

How it works: Flexible credit line with variable rates.

  • Draw period: 10 years (interest-only), then repay

  • Perk: Some lenders let you lock rates

  • Careful: Just like a credit card, don’t let the rate snowball against you

Perfect for: Ongoing projects (kitchen remodel in phases) or emergencies.

4️⃣ Reverse Mortgage: Retirement Cash Flow (62+ Only) 👵👴

How it works: Convert equity into cash with NO MONTHLY PAYMENTS.

  • No payments: This is a senior-only beneficial loan

  • Big win: Doesn’t affect Social Security/Medicare

  • Trade-off: Less inheritance for heirs

Example: $500K home → $200K+ over time!

💡 Pro Tip: Combo Move: Refi primary mortgage + get an annuity for lifetime income you can’t outlive

🚦 Which Option Fits You?

Next Step: Crunch numbers with your Chalk Money Financial Planner—your dream kitchen or dream retirement could be closer than you think!

🔑 Key Takeaway: Your home’s equity is a powerful tool—use it wisely!

Let's Chalk

Advisory Services are offered through Chalk Money, LLC, a DBA of Forefront Advisor Network. The foregoing content reflects the opinions of Jay Kadlec and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions, or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel before implementation. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.

Jay Kadlec

Hi, I’m Jay Kadlec, the owner of Chalk Money, LLC. I work with you to find the critical financial risks that proper financial, estate, and insurance planning could avoid, lessen, or at least bring you awareness of what could substantially impact your life. My philosophy is straightforward: put the client’s needs first, deliver exceptional experiences, and provide tailored solutions that truly fit.

First and foremost, I am a teacher. I use real-talk, plain-speak rather than industry jargon so that you have a plan you can understand. Your story and where you’re trying to go matter most to me.

Your goals change over time, so I “plan in chalk.” I adapt and fight for your ideal outcome, ensuring that you come first (aka being your fiduciary). I’ve served in this capacity since 2018 and will continue until at least 2055. I will likely be there for you, your children, and your grandchildren—with Americans living longer, I may even be a resource to your great-grandchildren!

My background has given me valuable experience in understanding how various financial tools can work together. I believe in creating non-cookie-cutter strategies that are efficient and designed to stand the test of time. Clients trust me for my transparency, professional integrity, and personalized approach. I am an Investment Advisor Representative (CRD# 7047900), licensed insurance producer (NPN# 18005247) for Accident, Health, Life, and Long-Term Care Insurance, Mortgage Loan Officer (NMLS# 2343444), and serve as a Tennessee Notary.

When I’m not working, I enjoy spending time in the mountains of Knoxville, Tennessee, with my family, playing board games or pickleball with friends, or brainstorming new ways to make my services even more impactful for my clients.

I also aim to inject some fun along the way…so be warned, some puns may make you cringe.

Let’s connect! Feel free to reach out or learn more about my work at www.chalkmoney.com.

Advisory Services are offered through Chalk Money, LLC, a DBA of Forefront Advisor Network.

https://www.jaykadlec.com
Next

Savings on Auto-Pilot