HomeEquityLoans

The reverse mortgage was invented to help seniors facing economic hardship access the equity in their homes. But these loan products are complicated, expensive and ripe for abuse, which lead a reader named Fred to ask DailyFinance's Laura Rowley for some advice. Here's what she told him:

DailyFinance has asked you, our readers, for your personal finance questions, and many of you have responded. One popular topic of those queries has been mortgages. Today, we reply to Ed, a 57-year-old with a small home equity loan. Should he pay it off faster, or invest his extra money elsewhere?

In the morass of glum housing news, there is one bright spot: Tantalizing low mortgage rates are continuing to entice more homeowners to refinance. The number of applications to refinance has tripled in the past year, says the Mortgage Bankers Assn. Refinance applications soared 18% in the week...

People looking for work actually have to juggle two major jobs at once -- finding employment and keeping themselves financially afloat. Those are big balls to juggle when compared to the relative luxury of being an employee holding onto a job these days. One big thing to focus on during your phase...

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday. Dear Ken and Daria, My husband and I have $7,000 in credit card debt. Should we take out a home equity loan? Lyndajoy Ken and Daria Dolan offer advice on all of your debt concerns at...