If you’re a retired homeowner, there’s a good chance that your property is worth far more than you paid for it — and that ...

AARP report found that 75% of Americans ages 50 and over want to age in place — meaning they’d prefer to stay in their ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

Our opinions are our own. A home equity line of credit, or HELOC, is a second mortgage that lets you convert some of the equity in your home back into debt in exchange for cash. Your equity is the ...

This makes a HELOC one of the cheapest ways to borrow money as of early May 2025. But securing the funds is only half of the ...

Lenders view a first-lien HELOC as less risky because it serves as the main loan on your home. If you can't repay and your ...

A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. A HELOC allows you to borrow exactly ...

Additionally, homeowners with low credit scores may want to avoid refinancing this May, Cohn says. A HELOC lender may charge ...

Before you take out a HELOC this May, make sure you understand these key things about the HELOC minimum draw requirements: ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

HELOCs and home equity loans have fallen substantially from the highs reached at the beginning of 2024, with HELOC rates in ...

While your home equity shouldn’t be the first place you go to cover a cash shortfall, a home equity line of credit (HELOC) ...