07-09-2008, 04:47 PM
quote:
Originally posted by Jared I
If you are buying a home to live in it and you can make it work financially, then by all means.
Good advice, Jared. The people who treat their homes like ATMs or an alternative to a good savings plan are often the ones who get into trouble. I know a family who actually planned to finance their kids college with home equity loans, that is until the equity dried up and blew away.
Cheers,
Jerry