Kimberly is a career writer and editor with more than 30 years' experience. She's a bankruptcy survivor, small business owner, and homeschool parent. In addition to writing for The Motley Fool ...

Homeowners can take out a home equity loan on a paid-off house the same way they would if they had a mortgage on the property. However, using a paid-off house as collateral for a loan is a move ...

Yes, you can use a home equity loan to buy another house. Using a home equity loan (also called a second mortgage) to purchase another home can eliminate or reduce a homeowner’s out-of-pocket expenses ...

Most of the best personal loans come directly from a bank or credit union. However, some companies offer peer-to-peer loans, which means the funding for your loan comes from another individual ...

A debt consolidation loan is a type of personal loan that's used to pay off existing debt. Ideally, the interest rate on the personal loan is lower than the rate you pay on current debt.

Please view our full advertiser disclosure policy. SoFi is a top choice for personal loans as it charges no fees, including no origination fees, prepayment penalties or late fees. This can help ...

A personal loan is a type of installment loan that allows you to borrow money from a lender and pay it back over time with interest. Personal loans may be helpful for making big purchases. And they ...

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum ...

Loans are becoming a necessary component of daily life. The ongoing need to meet financial obligations, whether for work, personal, or business reasons, makes loans necessary. Unsecured loans ...