A mortgage is a long-term loan designed to help you buy a house. In addition to repaying the principal, you also have to make interest payments to the lender. The home and land around it serve as ...

A $250,000 home equity loan isn't as much of a risk if you're using the money to pay down higher-interest debt. Credit card ...

Here are three ways in which homeowners should compare HELOC and home equity loan rates in today's economy: ...

While both home equity loans and home improvement loans can help fund your home remodel projects, they serve different needs and come with distinct pros and cons. Here’s how to decide which one ...

Equity is the market value of your home minus what you owe. You can borrow against it by getting a second mortgage or cash-out refinance. Some or all of the mortgage lenders featured on our site ...

2. Significant Tax Savings Home loans offer substantial tax benefits . Under Section 24(b) of the Income Tax Act, you can claim a rebate of up to ₹2 lakh per year on interest payments ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an ...