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Home Equity

Using Home Equity to Eradicate Bad Debt

Michael Lazar | Posted 11.23.2015 | Fifty
Michael Lazar

  The average American carries $15-$20k in bad debt, according to This can be from credit cards or merchant and store accounts. Basic...

Why Downsizing In Retirement Might Be A Terrible Idea

The Huffington Post | Ann Brenoff | Posted 08.28.2015 | Fifty

The prevailing advice for retirees and their first cousins -- pre-retirees -- is to downsize their homes. The logic goes like this: With your kids la...

Pros and Cons of Reverse Mortgages

Jason Alderman | Posted 03.23.2015 | Money
Jason Alderman

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.

8 Benefits of Buying a House at Year's End | Posted 02.16.2015 | HuffPost Home

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.

Stop Using Your 401(k) as a Piggy Bank

David A. Dedman | Posted 11.11.2014 | Money
David A. Dedman

The only time I could envision tapping your 401(k) is in the event you are unemployed for a long period of time. Here's how to stop popping the cork on the 401(k) Piggy Bank.

Is Your Home Equity Part Of Your Retirement Savings?

Carrie Schwab-Pomerantz, CFP | Posted 09.15.2014 | Money
Carrie Schwab-Pomerantz, CFP

For many people, their home is their biggest investment, so it only makes sense to think of it as part of what you have 'set aside.' But while your home is definitely part of your overall net worth, how it factors into your retirement savings depends on more than your current equity. It depends on whether or not you're going to turn that equity into cash when you retire.

Here's Possibly The Worst Financial Advice Ever

The Huffington Post | Mark Gongloff | Posted 03.20.2014 | Business

Little by little, the crazy is returning to financial markets. Borrowing money against your overpriced home in order to gamble in the stock market ...

Should You Pay Off Your Ex's Credit Cards?

Adam Levin | Posted 07.16.2013 | Divorce
Adam Levin

When the Love Boat morphs into the Titanic and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks..

Refinancings Come Into Focus

Lita Smith-Mines | Posted 05.11.2013 | New York
Lita Smith-Mines

If we're looking for an economic rising tide to carry all our boats, I don't see it locally just yet. I see the holes in leaking vessels being plugged, while those onboard are still carrying excess weight.

Is This a Good Time to Take a Fixed-Rate Reverse Mortgage?

Jack M. Guttentag | Posted 11.10.2014 | Fifty
Jack M. Guttentag

For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.

Sticking It to the Young

Eric Laursen | Posted 01.23.2014 | Politics
Eric Laursen

When it comes to the elderly and their Social Security benefits, President Obama and his Republican challenger Mitt Romney don't just sound "similar," as Obama put it in their first debate. They sound identical.

A Mortgage-Free Retirement

Jacob Gold | Posted 12.25.2012 | Money
Jacob Gold

Even for those in their early working years, home financing decisions now and in the years ahead directly impact your bottom line in retirement.

Understanding Reverse Mortgages

Jim T. Miller | Posted 10.09.2012 | Money
Jim T. Miller

For seniors that are house rich but cash poor, a reverse mortgage is a viable option, but there's a lot to know and consider to be sure it's a good choice for you. Here are some tips and tools to help you research this complex financial product.

Common Sense Rebuttal of FHFA's 'Mortgage Principal Waiver' Denial

Varun Gupta | Posted 10.08.2012 | Business
Varun Gupta

The Federal Housing Finance Agency declined the federal government's proposal for principal reduction on underwater mortgages chronically behind on payment -- it said principal reduction does not prevent foreclosures while saving taxpayers money.

Jillian Berman

Housing Bust May Curb Middle-Class Teens' Attendance At Top Colleges: Study | Jillian Berman | Posted 05.17.2012 | Business

For Marliza Melzer, the housing bust has meant the end of two American dreams. "My mortgage is underwater so I can’t pay for my son to go to col...

They Can Take That Away From You!

Lita Smith-Mines | Posted 11.26.2011 | New York
Lita Smith-Mines

Sometimes the numbers make sense for a refinance, but it's rarely ever solely about numbers, and it's never a "no-brainer."

U.S. Household Wealth Falls In Spring For First Time In Year

AP | By CHRISTOPHER S. RUGABER and DAVE CARPENTER | Posted 11.16.2011 | Business

WASHINGTON -- Americans' wealth fell this spring for the first time in a year. Falling stocks and investments made many slightly poorer, a trend that ...

Sub-Prime Mortgages and Harry the Snake

Bernard Starr | Posted 05.25.2011 | Business
Bernard Starr

"Tin men," as we shall soon see, played a major role in the sub-prime mortgage debacle. First, the back story.

Negative Equity Soars, 27 Percent Of Mortgage Borrowers Owe More Than Their Home Is Worth

CNBC | Diana Olick | Posted 05.25.2011 | Business

The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010. A full 27 percent o...

William Alden

Cautious Homeowners Not Seduced By Record-Low Interest Rates | William Alden | Posted 05.25.2011 | Business

There's very little anyone can do to convince Americans to take out a mortgage. Mortgage interest rates are lower than they've been in at least 40 ye...

Shahien Nasiripour

Housing Woes To Continue, More Losses Coming | Shahien Nasiripour | Posted 05.25.2011 | Business

The nation's second-largest bank expects the number of delinquent home loans to skyrocket over the next year, echoing analysts' expectations of a gloo...

What Recession? Full Spend Ahead!

Lita Smith-Mines | Posted 11.17.2011 | Healthy Living
Lita Smith-Mines

As the ability to charge-now, refinance-later vanished when most homeowners' equity evaporated, I hoped the chronic consumer had also become extinct.

U.S. Home Equity Down To About 20%

Los Angeles Times | Posted 05.25.2011 | Business

Blogger CalculatedRisk took a look at the Federal Reserve's latest estimate of the equity Americans have in their homes and found it overly optimistic...