Automatic Website Traffic RSS

Ways to cash in on your home equity and the tax implications of doing so

Ways to cash in on your home equity and the tax implications of doing so May 17, 2018 More than 7 years ago A house can be a valuable borrowing resource, but it’s one that must be used wisely. read more

HELOC, refinance or home equity loan: What’s the best way to borrow against your home?

Home equity loans, HELOCs and cash-out refinances are three popular ways to borrow money, using your home as collateral. A cash-out refinance replaces your existing mortgage while home equity loans ... read more

How to grow your home equity quickly - CBS News

Remember: Home equity isn't just the amount of money you've paid toward your mortgage. It also includes any extra value your home has taken on in recent years. Let's say your initial mortgage was ... read more

3 smart ways to use your home equity in 2025 - CBS News

By doing so, you're able to trade in your high credit card or personal loan rate for a HELOC or home equity loan with a much lower rate, saving you money in the long run and potentially helping ... read more

Guide To The Tax Implications Of A Cash-Out Refinance

A cash-out refinance allows homeowners to tap their home's equity without selling their house. But before getting a cash-out refinance, you should understand the potential tax implications. read more

Four Ways To Use Your Home Equity To Boost Your Retirement

If you intend to stay in your home and require long-term care, a home equity line of credit or HELOC can be a way to pay for it. HELOCs have a lower interest rate than a personal loan or credit ... read more

4 Ways To Use Your Home Equity For Remodeling - Nasdaq

If you have enough home equity and good credit, your home’s equity could be a low-cost way to finance a home remodeling project. Since remodeling can be expensive, you may not have the cash on ... read more

What are cash-out refinance tax implications?

Key takeaways. You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. read more