Both can tap your home's equity, but one could cost you a lot more than the other when the new year rolls around.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While a HELOC comes with a variable interest rate subject to change and ...

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.

NEW YORK, Sept. 10, 2025 /PRNewswire/ -- "Cashing Out," a 40-minute documentary from GLAAD Award--nominated filmmaker Matt Nadel, premieres today on The New Yorker's platforms, uncovering a hidden ...

Key Takeaways One-third of individuals who have Vanguard-administered 401(k) plans and left a job in 2023 withdrew their balance in a lump sum rather than rolling it over to their new job or another ...

After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...

A cash-out refinance is a financial tool that allows homeowners to tap into their home's equity by replacing their existing mortgage with a new, larger loan. The difference between the new loan amount ...

An FHA cash-out refinance lets homeowners trade out their current mortgage for a new one and get cash back at closing, but only if they have enough home equity and meet the loan requirements set by ...