Variable annuities are often sold on the promise of one compelling idea: you can participate in market gains without bearing the full risk of market losses. It’s an attractive pitch, especially for investors approaching retirement who can’t afford a major setback. However, the word “guarantee” inside a variable annuity contract…

Key takeaways Home equity is the difference between your home’s value and the amount you still owe on your mortgage. It represents the paid-off portion of your home — the amount you own outright. Your home equity can increase through making mortgage payments and home improvements, or as local property…

Key takeaways Getting approved for a HELOC or home equity loan isn’t easy, with nearly half of applications denied. Poor credit, a high debt-to-income ratio or a large outstanding mortgage balance may contribute to being rejected for a HELOC or home equity loan. If you are denied, paying down…