Key takeawaysA home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines ...

Borrowing against your home might make sense in certain situations, such as to finance home improvements, but using your home ...

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

Rates on both home equity products are comparable now, but that doesn't mean repayments will be identical for long.

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

In other words, your residence can be a key financial resource for your family. Buying and maintaining a home builds an ...

Home equity sounds like a pretty straightforward concept: it’s the portion of your home you truly own, free and clear of debt ...

Home equity loans are also commonly known in Canada as second mortgages or add-on mortgages. As with a regular mortgage, you’ll need to apply and qualify for a home equity loan.

Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, ...