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Chapter 5. Home Equity Borrowing

Chapter 5. Home Equity Borrowing

You don't want to squander your home equity—a long-term asset—on short-term spending. That's why I've written several articles for the MSN Money site warning consumers not to tap their equity to pay for stuff like vacations, big-screen TVs, and credit card debt.

Almost inevitably, the articles are accompanied by big ads from lenders urging consumers to tap their home equity to pay for stuff like vacations, big-screen TVs, and credit card debt.


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