home equity

From: lizh <lizh@channel1.com>
Subject: home equity
Date: Tue, 29 Dec 1998 10:53:08 -0500

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I'm thinking of taking out a home equity loan to pay off credit cards and
pay off the loan I took out against my retirement account.   I have alot of
equity in my condo...when I bought the place 5 years ago...I put 25% down..
and real estate values have been climbing rapidly the last couple of years.

Any reason this could be a bad idea?  It would mean lower monthly payments
and the ability to do a few home improvement repairs....(of course...I
would be paying more in interest in the long run)

Thanks,

Liz H.
lizh@channel1.com

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