borrow

Senior home wealth just hit a record high. Here’s how to borrow from it now.

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There are multiple ways in which senior homeowners can borrow from their accumulated home equity. Thomas M Barwick INC/Thomas Barwick/Getty Images Interest rates may be elevated, with no clarity on when a rate cut might be issued, and inflation continues to trouble millions of Americans. For homeowners, however, there has been a silver lining in the … Read more

Gavin Newsom wants to ban the “buy, borrow, die” tax strategy. Here’s what it is.

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A tax strategy known informally as “buy, borrow, die” is the latest flashpoint in the debate over wealth inequality after California Gov. Gavin Newsom last week called on lawmakers to eliminate what he describes as a loophole for the ultra-rich. The strategy gets its name from what boils down to a three-step approach to lowering taxes. First, … Read more

The Fed just paused interest rates again. Here are 3 affordable ways you can still borrow money.

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The Fed is keeping rates paused for now, but that doesn’t mean affordable borrowing options have disappeared. Muhammad Aqib/Getty Images At the close of its meeting this week, the Federal Reserve left its benchmark rate unchanged at a range of 3.5% to 3.75% for the fourth meeting in a row — the first decision under … Read more

Want to borrow home equity without refinancing? 3 options to consider this May

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The average homeowner is sitting on a record level of equity from which to leverage right now. sakchai vongsasiripat/Getty Images Elevated interest rates aren’t likely to decline anytime soon. That was one of the big takeaways last week after the Federal Reserve elected to keep its benchmark interest rate frozen for the third time this … Read more

HELOC rates are near 7%. Here’s how much it costs to borrow $80,000 worth of home equity now.

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HELOC borrowing costs have continued to decline in recent weeks. sakchai vongsasiripat/Getty Images While there’s been plenty of news about interest rates lately, especially after the Federal Reserve elected to keep them paused again earlier this month, there has been one affordable silver lining for borrowers – their home equity.  Home equity borrowing rates have … Read more

Here’s how much home equity homeowners have to borrow now (and how to access it)

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The average homeowner is sitting on a sizable amount of equity that they can borrow from right now. Maksim Safaniuk/Getty Images In an environment where market uncertainty is pronounced and interest rate cuts look to be on an indefinite pause, many Americans may be looking for affordable ways to borrow money right now. And with personal … Read more