Are you sitting on Home Equity?

Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it? Rising interest rates are making lines of credit more expensive... and Americans may still be leery of cash-out refis American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and … Continue reading Are you sitting on Home Equity?

Refi, Home Equity Loan or HELOC to pay down debt?

How I Used My Home Equity to Pay Off My Credit Card Debt (Image credit: PM Images/Getty Images) Share Email 23 Two years ago, I got divorced. Because I needed cash to pay my lawyer, I put my everyday expenses on a credit card. Before I knew it, between what I charged and the high … Continue reading Refi, Home Equity Loan or HELOC to pay down debt?