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, ...

A six-figure salary used to be the benchmark of wealth and success. But now, it’s not uncommon for high earners to feel financially stretched. That raises the question: What does it actually take to ...

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.