More and more lenders are offering home equity lines of credit. By using the equity in your home, you may qualify for a sizable amount of credit, available for use when and how you please, at an interest rate that is relatively low. Furthermore, under the tax law–depending on your specific situation–you may be allowed to deduct the interest because the debt is secured by your home.

It’s a tricky market so watch your back and don’t get sucked into a line of credit you can’t repay.  No one wants to lose their house and these types of loans may seem enticing but the economy is not headed in the right direction.  Get all the facts before you sign anything!

As home sales and prices continue to slide the news continues to worsen for home owners and property owners everywhere.  Now a necessary part of many people’s incomes and buying power is being completely eliminated.  When will economists and bankers realize that fast fixes via interest rates from The Fed aren’t going to cut it.  We need ound economic policies from the top down that encourage not just consumer confidence but consumer purchasing power.

It’s all about disposable income folks.  You have it or you don’t.  Personally, I dispose of mine in my gas tank.