Reverse borrowers can choose to receive monthly payments for life (or as long as they live in their home). And they're not ...

The standard term for a mortgage is still 25 years, but 30, 35 and 40-year home loans are becoming increasingly popular as ...

Benefits of a home equity loan include consistent monthly payments, lower interest rates, long repayment timelines and a ...

But here in June 2025, the picture looks a lot more complicated. HELOC rates have more than doubled in just a few years, averaging 8.22%, and while there are signs of relief on the horizon, the ...

Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.

When rates are elevated, home prices high and the market tight, renting can sound like a better option than buying. But those ...

Don't borrow $100,000 worth of home equity without first comparing the potential repayment costs of both options.

The House GOP’s “big, beautiful” tax bill includes a new savings account for children that comes with a $1,000 deposit from ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...

A home equity line of credit, or HELOC, is a second mortgage that allows homeowners ... and will pay an origination fee. Pros Specializes in HELOCs. The initial balance and any additional draws ...

Real estate comes with a number of benefits, such as property appreciation, tax advantages and the potential to bring in ...