The cost of home renovations can be overwhelming if you use spare cash to pay for the work. A better solution for some ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

What is home equity, and how can first-time home buyers build equity in their homes? Another thing to remember is not to pay ...

Borrowing against your home might make sense in certain situations, such as to finance home improvements, but using your home's equity to invest is always risky and could jeopardize your financial ...

Q: I am 52 years old and my house is mostly paid off, so I have a lot of equity in it. I’m wondering if it makes sense to use that equity for borrowing and investing. I have registered retirement ...

Home equity loans and home equity lines of credit (HELOCs) have lower interest rates than credit cards. That can lead some homeowners to use them to pay down large credit card bills. But this method ...

Your home is likely among your biggest financial assets. And if you’re entering retirement, it may also be more space (and expense) than you need. Many retirees choose to downsize — selling a larger ...

PMI is a type of insurance that protects the lender, not the borrower, in case the homeowner defaults on a conventional loan.