home equity

5 questions to ask before you tap into your home equity

Is the borrowing really worth it?
Is the borrowing really worth it? | Gary Burchell/Getty Images

Is the borrowing really worth it?

If you're looking to borrow because you want to put money into your home, understand that most home improvements don't add a lot to a home's value. If you want to use home equity to pay for higher education or start a new business, the investment might not necessarily lead to a brighter financial future.

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Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more


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