Matt Ryan Webber

Every lender sets its own terms for home equity loans, but most set a minimum amount of about $35,000 on the size of the loan. About $10,000 is the absolute minimum available. A home equity loan is, essentially, a second […]

If you’ve taken out a home equity loan (or home equity line of credit) against your home, you can still sell it. If you do so, you will need to pay back the remainder of your loan, and most people

If you are following a Financial Independence, Retire Early (FIRE) plan, you are likely already aware of the importance of minimizing your spending and maximizing your savings. However, it’s also important to consider the tax that you will pay when

Home equity loans and HELOCs use the equity you own, and these loans are secured against the value of your home. Lenders can offer competitive interest rates, usually close to those of first mortgages. Just as banks or credit unions

If you own your own home, you may be able to tap into the equity of your residence to get some extra money through a reverse mortgage. The amount you qualify for depends on how much equity you have. While

Getting a mortgage can seem daunting. You’ll need to make big decisions about mortgage types, lenders, and properties. The details are often complex, involving a great deal of paperwork, supporting documents, and bureaucracy. However, at its most basic level, the

A home equity loan is a popular way for married couples to access some of the equity they have built up in their home. Generally, because marital residence is regarded as a couple’s joint property, and home equity loans are

401(k) plans are regulated by a variety of federal and state laws. Named after a section of the U.S. Internal Revenue Code, 401(k) plans are most affected by two key pieces of legislation: the Employee Retirement Income Security Act (ERISA)

Reverse mortgages can provide cash for seniors whose net worth is mostly tied up in the value of their home. A reverse mortgage is a loan for homeowners who are age 62 or older and have considerable home equity. It

A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. The most common use of gift letters is when a borrower has received assistance in making a