Home equity is the portion of a house that the homeowner holds outright — the difference between the house's value and the total amount they owe on the home. As their equity increases, homeowners can ...

You can use home equity to buy another house if you have a big enough ownership stake in your residence and meet other eligibility requirements. The most common ways to tap your equity are via a home ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Interest rates are elevated, and the cost of living keeps rising, so many homeowners are turning to their property for financial breathing room. Home prices are still high, and most homeowners have ...

Owning a home is the biggest investment for most service members & vets, building net worth & generational wealth through ...

If you're preparing to buy your first home, it can be both exciting and intimidating. Since you won't have previous equity to use towards your purchase, you'll have to rely on saving up for your down ...

For many retirees, the home they’ve lived in for decades isn’t just a place to live. It’s the single largest asset in their financial portfolio. According to the U.S. Census Bureau (PDF), households ...

With a reverse mortgage, the bank gives you a lump sum of money you can use for meeting your needs. The loan is paid back when you pass away and the home is sold.