home equity

There's a right and a wrong way to tap your home's value.
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.
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.