Home equity loans have long been attractive ways for homeowners to borrow money to pay for everything from major home improvements to a child's college education. But these loans just lost a major benefit: When filing their income taxes, homeowners can no longer deduct the interest they pay on home equity loans each year.
If you give up your current home, how soon can you buy another one? With millions U.S. homeowners "underwater" on their mortgages or even facing foreclosure, it's a question that many are pondering.
Most Americans will need some type of long-term care in their old age. For those moving to a senior living facility that provides some level of care — from weekly housekeeping to daily assistance or dementia care — selling their home to fund senior living and care may be their best choice.
If high housing prices are keeping you from buying a home, consider that Millennials spend almost $100,000 on rent by the time they’re 30.