| are you not aware of what is going on in the mortgage and real estate market?
HELOCs are having their limits capped--people who use them to supplement commission income are finding the mortgage co. freezes the loan due to the depreciating home values.
if it isn't happening in your town, it will. just wait.
get a plus loan if you want to fund your child's education and not have him liable. you can get 30 years to pay it off and the payment structure has a great deal of flexibility.
if you have any existing equity right now, enjoy it--don't spend it. it isn't going to last. |