Few options to tap the equity in Mom’s empty house

home equity Dear Liz,My 95-year-old mother lives with us in North Carolina, and she owns a house with no mortgage in New Jersey. Her medical bills are piling up. Lenders won’t give her a home equity line of credit (HELOC) on the house in New Jersey because she doesn’t live in it. How can we extract […]

Home remodeling on the rebound, led by millennials

home equity Michelle Arnold and fiancé Justin Bull gutted a bathroom and refinished it, working nights and weekends. Now they plan to remodel the basement of their 1955 house. In August 2015, Michelle Arnold and her fiance bought their first home, a 1955 ranch-style house. Then they set out to make it their own. “Going […]

Home remodeling on the rebound, led by millennials

Hero Images/GettyImages Millions ready to remodel In August 2015, Michelle Arnold and her fiance bought their first home, a 1955 ranch-style house. Then they set out to make it their own. “Going in, we definitely knew there was some extensive work that needed to be done. But we were up for the challenges,” says Arnold, […]

6 ways to squeeze retirement money from your home

Daniel Grill/Getty Images How to use home equity for retirement Retirees are homeowners. Of those with more than $100,000 in savings, about 90% own a home, according to the LIMRA Secure Retirement Institute. Among those with less savings, a still-substantial majority — 70% — are homeowners. The ability to access home equity can save a retiree […]

6 reasons (5 good, 1 bad) to spend your home equity

Westend61/Getty Images Good and bad ways to spend home equity When you need cash now for a major expense, it might be tempting to tap some of the equity in your home. But before you decide on a cash-out refinance, home equity loan or home equity line of credit, think about how you plan to […]

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