My husband and I just had a conversation about home equity and refinancing our home. We'd love to purchase a small plot of land in the middle of nowhere for future use or redo our kitchen, so does it make sense to take the equity in our home and parlay that into our next investment or project?
According to RISMedia and Take Charge America, here is what you should do or don't with home equity. Don't take out excessive equity just in case home market drops. Do consider home equity if you're making improvements to your house. Learn more here: http://bit.ly/1S2Nc6N