Stories Tagged as
Home equity
Home equity helping people build household wealth
Nov 24, 2016
Remember the housing crisis? Well, for many American homeowners, it’s now squarely in the rear-view mirror. A report from RealtyTrac finds that the percentage of homeowners who are underwater — meaning they owe more on their mortgage than their home is worth — has fallen to about 10 percent. It was 28 percent at its […]
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As banks prepare for end of draw, consumers should too
Jul 1, 2014
HELOCs are coming due in the next two years - and the economy should take heed.
Fewer homeowners drowning in mortgage debt
by
Dan Bobkoff
Jun 5, 2014
New data shows the number of American homeowners underwater continues to decline.
Learning about reverse mortgages
Apr 12, 2012
It's worth learning about reverse mortgages. The homeowner gets access to their home equity without moving.
The benefits of downsizing a home
Mar 30, 2012
Three years ago -- fresh out of grad school, with new jobs and lots of optimism -- my husband and I bought a beautiful house that we love. Trouble is, we spent too much money. Now, our mortgage consumes nearly all of our monthly income, leaving us very little to save for retirement, our kids' college funds or do the things we love such as traveling. The question, then, is: Should we cut our losses, try to sell and buy something cheaper? Julia, St. Paul, MN
Americans make progress with debt -- the hard way
Jan 19, 2012
U.S. households are ahead of the other major industrial nations in shedding debts.