If you've been looking for a smart and cost-effective way to borrow money lately, you've likely found yourself looking for longer than you wished. With interest rates on items like personal loans and ...

Most lenders require a certain amount of equity to qualify for a reverse mortgage, but the exact amount can vary.

Home values have consistently hit record highs in recent years, which has created a surge in more equity-rich homeowners. To be considered “equity rich”, a property’s outstanding mortgage balance ...

Owning a home has long been considered one of the best pathways to building wealth. Homeowners' median net worth is around $396,500 — significantly higher than the $10,410 median net worth of renters, ...

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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.