Whether you're renovating your home, supplementing your retirement income or making big purchases, you have options to access money from your home equity. David McMillin writes about credit cards, ...
Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...
Reverse mortgages and home equity loans both allow homeowners to tap into their home equity. However, there are key differences to be aware of, starting with the fact that reverse mortgages are ...
For many people, a house is their most valuable asset. In fact, home equity—the value of a property minus any outstanding mortgages or liens—accounted for 45% of the median net worth of U.S.
Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...
In turn, more retirees and near-retirees are asking the question of whether opening a reverse mortgage will be worth it in ...
Brai is the founder of SW4 Insights, a public policy advisory firm based in Washington D.C. He has over a decade of experience as a journalist and consultant covering finance and economic policy, with ...
The U.S. Department of Housing & Urban Development (HUD) has announced updated loan limits for calendar year 2026 under the Federal Housing Administration’s (FHA) Single Family Title II forward and ...
After years of high borrowing costs, many older homeowners are considering the idea of tapping into their home equity to borrow money right now. And, while there are a number of affordable ways to do ...
Reverse mortgages can be useful for many retirees who are house-rich but cash-poor, but they change what happens to your home ...