There's a right and a wrong way to tap your home's value.
But becoming a homeowner is possible even if you have student loans. The Couches bought their 2,900-square-foot Craftsman
Tapping into your home's equity can be a great way to boost your business. Getting traditional financing may be difficult, so if you have substantial equity built already it may not be a bad idea. There are many things to consider before you pull the trigger, interest rates and payments obviously being one of them.
They are based upon the existing equity in the home and do not require an income or credit score, but do have some simple
Why Older Americans Are Tapping Home Equity Visit NowItCounts.com, The Destination for Americans 50+ for stories that matter
Assess Your Debt Why It Makes Sense Bear in mind that you will need to retain a substantial amount of equity in your home
Prevailing wisdom may be changing on what was once assumed to be the right course.
Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product -- such as pulling all their cash out at one time -- has led to significant financial problems later, including foreclosure.
Summer may be real estate's busy season, but winter offers great opportunities for buying a house, especially for renters looking to become homeowners, growing families trading up to larger houses and baby boomers seeking homes to fit their evolving lifestyles.
The only time I could envision tapping your 401(k) is in the event you are unemployed for a long period of time. Here's how to stop popping the cork on the 401(k) Piggy Bank.