$60,000 can cover a wide range of expenses and purchases. Whether you want to pay off high-rate credit card debt, make major home repairs and improvements or finance college education costs, $60,000 ...

HELOCs, or home equity lines of credit, give homeowners a way to leverage the growing value of their house for anything from renovations to college tuition — and enjoy 10 years of interest-only ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

U.S. homeowners today are armed with a record amount of home equity 𑁋 nearly $32 trillion, according to the latest data from the St. Louis Federal Reserve. Many of these homeowners are locked into ...

While a HELOC can be useful for smart investments—like fixing up your home—it’s not something to use ... More casually, like buying the latest gadgets or funding a fancy vacation. Home equity lines of ...

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Caroline Basile is Forbes Advisor’s student loans and mortgages deputy editor. With experience in both the mortgage industry and as a journalist, she was previously an editor with HousingWire, where ...

Borrowing money can be stressful. But doing so via a product that has a variable interest rate adds another layer of concern. And, in the interest rate climate of recent years, this has been ...

$11.6 trillion. That's how much home equity was available for homeowners to borrow entering the third quarter of 2025, according to a report released in August. Around 48 million homeowners have ...

New Bank Statement HELOC program gives millions of small business owners, freelancers, and gig workers a fair chance to access cash or consolidate their debts through home equity The Bank Statement ...

Reverse mortgage lender and servicer Longbridge Financial, a no. 2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is ...

Longbridge and Figure partner to offer senior homeowners fast, flexible online access to a home equity line of credit — tailored specifically to meet the needs of borrowers 62 and older. “Too many ...