home equity

There's a right and a wrong way to tap your home's value.
Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel
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.
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With newer laws and regulations in place, much of the worry has dissipated for reverse mortgage borrowers and lenders alike
Why It Makes Sense   Bear in mind that you will need to retain a substantial amount of equity in your home for this to be
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.
For many people, their home is their biggest investment, so it only makes sense to think of it as part of what you have 'set aside.' But while your home is definitely part of your overall net worth, how it factors into your retirement savings depends on more than your current equity. It depends on whether or not you're going to turn that equity into cash when you retire.
But just in case you happened to see the story, missed the village stoning, and think this approach might be your ticket
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If we're looking for an economic rising tide to carry all our boats, I don't see it locally just yet. I see the holes in leaking vessels being plugged, while those onboard are still carrying excess weight.
For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.
When it comes to the elderly and their Social Security benefits, President Obama and his Republican challenger Mitt Romney don't just sound "similar," as Obama put it in their first debate. They sound identical.
Even for those in their early working years, home financing decisions now and in the years ahead directly impact your bottom line in retirement.
For seniors that are house rich but cash poor, a reverse mortgage is a viable option, but there's a lot to know and consider to be sure it's a good choice for you. Here are some tips and tools to help you research this complex financial product.
The Federal Housing Finance Agency declined the federal government's proposal for principal reduction on underwater mortgages chronically behind on payment -- it said principal reduction does not prevent foreclosures while saving taxpayers money.