Is a home equity line of credit a good idea?
Personally, I love home equity credit because I use it to reinvest in other Real Estate. If you can take it and make 12, 14 or, in some cases I have made 40 to 50%+ return on investment, then it is a great thing to do. However, if you plan to spend it on toys ie: a new stereo, pool table, furniture or other non-investment type of use, then I would say it could be dangerous. Why not use consumer credit instead? Hope this helps.
