Your equity equals your home's current value minus the amount you owe on it. You can borrow against this equity, preferably ...

You should only pay off a mortgage with a HELOC if you can get a significantly better interest rate on the line of credit ...

You don't have to currently have a mortgage in order to take out a home equity loan. Since you own your home outright, you ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...

If you're saddled with a high mortgage rate, refinancing can get you a better rate and terms, help you pay off your loan faster ... PNC Bank Best credit union: PenFed Credit Union Best for ...

In times of financial hardship, paying a mortgage with a credit card can help you buy ... You’re much better off using Plastiq.com temporarily to earn a big welcome bonus. As an example, let ...

This leaves a smaller line of credit than if there were no loan. (Paying part of the mortgage off with savings and the balance with a HECM line of credit is another option.) While there are lots ...

kate_sept2004 / Getty Images A home equity line of credit ... to pay back their HELOC during the repayment period, so they take out another HELOC or home equity loan to pay off the first one.