My ex has a home equity line of credit on my home. Now what? First step is to talk to your divorce lawyer before making any more real estate deals. Q: I have a house that is paid off that I own in my name only. My soon to be ex-husband has an equity line [...]
Figuring out how to pay for a home renovation is one of the first steps in any remodeling process. When they’re done wrestling with the cost of a home renovation, most homeowners have to decide how to fund a remodeling project. And in some cases, the options can be paying for it in cash or [...]
For many older homeowners, increasing mortgage debt is dulling the sheen on their golden years. Approximately 33 million Americans over the age of 65 own their homes, making them the age group with the highest homeownership rate. But according to a study by the Consumer Financial Protection Bureau (CFPB) released in May 2014, that asset [...]
Here's a question every homeowner should ask: "What are the best ways to build home equity?" Americans continue to see real estate, and building home equity, as the best long-term investment, but not everyone understands the best ways to build home equity. Annual Gallup polls show that real estate, or building home equity, continues to beat out [...]
What would be better, the withdrawal of 401k funds or to obtain an home equity loan to pay for wedding expenses? Q: I am 57 and my husband is 62. We would like to borrow $25,000 to help pay for a wedding for our daughter. We purchased a townhome in 2004 for $230,000 at an [...]
Decide to payoff an investment property or pay down the mortgage. Don't pay off an investment property and pay down the mortgage at the same time. Consider interest rates on loans before paying off mortgage loans on an investment property or primary home mortgage. Refinance mortgage loans before you pay down a primary home mortgage or investment property mortgage loan.