You can use an Equity Empower loan for a variety of purposes, giving you with the flexibility you need to meet your goals. This could include funding the trip of a lifetime, buying a new car, renovating your home, supplementing your retirement income, consolidating debt, helping your kids or grandkids, and more.
You can choose to access the funds as:
- an upfront lump sum if you want the money now
- a line of credit if you want access to cash as and when you need it
- a regular income payment option if you are looking to boost your retirement cashflow, or
- a combination of any of the above options so you can live your retirement your way.