Discover the benefits and risks of using a home equity loan to pay off your mortgage. Explore strategies to lower payments and manage potential pitfalls.

Key Takeaways Technically, you can use home equity financing to pay off a home loan, but that's often counterproductive.The only ways to access home equity are to sell your home or take out new ...

For many retirees, a reverse mortgage can be a useful tool that adds some much-needed breathing room to their finances. By allowing homeowners ages 62 and older to tap into their home equity without ...

Paying off a personal loan early can save you money on interest. Even small additional payments can help shorten your loan term and cut interest costs. Some lenders charge a fee when you pay off your ...

At first glance, paying off your mortgage before retirement seems like a no-brainer – after all, who wouldn’t want to enter retirement with no monthly housing payment? Yet ask three CPAs or ...

Paying off your car early can potentially save money.