Personal Finance Advice and Commentary

Wednesday, May 25, 2016 10:34 am
By Mitch Strohm · Bankrate.com

Many borrowers tap their equity to pay for things such as home improvements.

Tuesday, May 24, 2016 11:14 am
By Mitch Strohm · Bankrate.com

Many borrowers tap their equity to pay for home improvements.

Monday, May 23, 2016 10:38 am
By Mitch Strohm · Bankrate.com

You can tap your home’s equity to pay for things such as home improvements and vacations.

Friday, May 20, 2016 10:28 am
By Mitch Strohm · Bankrate.com

You can tap your home’s equity to pay for home renovations, a college education and more.

Wednesday, March 23, 2016 7:05 am
By Dr. Don Taylor · Bankrate.com

The National Reverse Mortgage Lenders Association reports that America’s seniors have $5.83 trillion in home equity, which is 16% more than the pre-recession peak.

Wednesday, March 16, 2016 9:17 am
By Dr. Don Taylor · Bankrate.com

Along with financing current living expenses, taxes, insurance and staying current on loan payments, the household budget needs to allocate funds to investing for future life goals.

Thursday, December 17, 2015 2:50 pm
By Crissinda Ponder · Bankrate.com

Thanks to the Federal Reserve, HELOC borrowers are about to get higher interest rates and payments.

Friday, September 25, 2015 11:42 am
By Dr. Don Taylor · Bankrate.com

When seniors tap the equity in their home through a loan, they’re re-leveraging their investment in their residence. A reverse mortgage doesn’t have a monthly payment, but the interest expense is added to the outstanding loan balance.

Friday, April 25, 2014 2:00 pm
By Dr. Don Taylor · Bankrate.com

Looking at financing college for the parents this year’s freshman class.

Monday, April 02, 2012 5:30 pm
By Judy Martel · Bankrate.com

Reverse mortgages, available to homeowners age 62 and older, are more appealing to younger borrowers than they were a decade ago, according to a study by MetLife Mature Market Institute. This type of mortgage allows homeowners to borrow against their home equity and receive cash without any payments on the loan being due until the borrower

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