For many older homeowners, their home is their largest asset — and in many cases, it's also their most reliable source of financial stability in retirement. Housing prices have increased dramatically ...

Money’s main takeaways Home equity loans let you leverage the increase in your home’s value and use the proceeds for just about any purpose, from home renovations to consolidating high-interest debt.

Homeowners in the U.S. have relied on two familiar methods for accessing their housing wealth, otherwise known as equity, in the past. Those two methods are home equity loans and home equity lines of ...