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You’ve got to have an end game. That’s the advice from Ray, a North Carolina resident who had a financial goal, evaluated the options to reach the goal, and chose the path that was right for him. Not surprising words to hear from a long-time high school and college basketball coach and athletic director, and former Marine. Ray applied his philosophy from the court to his fina...

Many homeowners don’t know what their property is worth. That’s especially the case as market conditions shift from a seller’s market to a more balanced market — or even a buyer’s market in some areas. Knowing your home value gives you important data you can use to price your home for sale, or find out how much equity you may have available to use. You can estimate your home’...

Key Takeaways: After decades of mortgage payments, many homeowners enter retirement having built substantial equity in their homes. According to the National Council on Aging, the average senior over the age of 65 has over $250,000 in home equity. That’s a significant resource you can use to cover medical expenses or manage living on a fixed income. But it can be challenging ...

As you pay down your mortgage and your home’s value grows, your ownership stake — your equity — increases. You can liquidate that value by selling, or you can keep the home and sell a portion of your equity. Selling equity is a way to convert a portion of the value you’ve built up in your property into cash, without necessarily selling the house. It’s one way for homeowners t...