Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
And a home equity loan? This is one of the most popular ways to do it. A home equity loan allows you to borrow money by using the equity in your home as collateral. It’s considered a type of ...
Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.
You build equity in your house every time you pay down your mortgage or home values rise in your area. And when you sell the house, that equity translates to profits in your pocket. While you ...
we spoke with home loan and mobile home experts to learn about whether you can get a home equity loan for a mobile home, the eligibility requirements and some pros and cons to consider.
She writes about small business, personal finance, technology, and more. Maskot / Getty Images A home equity loan and a personal loan both offer one-time, lump-sum payments that are required to be ...
Generally, home equity loans are larger and come with lower interest rates and monthly costs than a personal loan. Your interest payments are also tax-deductible if you use funds to buy ...
A home equity loan is a type of secured loan that turns your home's equity — the difference between your home's current value and your mortgage balance — into cash you can borrow. These loans ...
Lifetime mortgage: this is the most common way of releasing equity. You borrow some of your home's value and this loan is repaid when you sell the property, pass away, or go into care. Home reversion ...