A home equity loan offers multiple advantages in today's economy. Thanks to elevated home prices, the average homeowner now has over $300,000 worth of equity to potentially borrow from. And despite ...

Refinancing replaces your current mortgage with a new loan, often to lower your interest rate, shorten your loan term or lock in a fixed rate. Some homeowners also choose a cash-out refinance, which ...

Homeowners often use solar loans to finance their clean energy systems, but these loans don’t have to run the full eight to 20 years. Refinancing might make sense as your financial situation changes ...

For many homeowners, refinancing sounds like an easy way to save money, lower payments, or free up cash. After all, as interest rates fall, why not replace your existing loan with something cheaper? A ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

Whether buying, selling, or refinancing your home, the appraisal process is a critical step. Everybody wants to know what it's worth. FOX 5 Real Estate Expert John Adams dropped by Good Day to give ...

Annual spending on home improvements has been down in recent years, but that’s expected to change in 2025 with a 1.2 percent increase in renovation spending, according to a report by the Joint Center ...

Extending your loan term may result in higher interest payments over time. By converting unsecured debt (like credit cards) into secured debt, you put your home at risk if you fall behind on payments.