Using a home equity loan to buy a second home after rates were cut could make sense for some homeowners. Here's why.

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.

Interest rates are elevated, and the cost of living keeps rising, so many homeowners are turning to their property for financial breathing room. Home prices are still high, and most homeowners have ...

Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance topics. Of course, there's a benefit-risk ratio to consider with any loan ...

The $30,000 home equity loan held steady at 8.22 percent, its lowest level this year, according to Bankrate’s national survey of lenders. Meanwhile, the average rate on a $30,000 home equity line of ...

Achieve reports you can use a HELOC to buy another property, covering down payments, closing costs, or outright purchases.