Pay Dirt: Don't Bet The House On A Whim

February 17, 2005 | | Minneapolis Star-Tribune |
Javier Silva, senior research associate with public policy and advocacy group Demos, found that the "majority of households has used the equity [in their homes] to pay for living expenses and pay down credit-card debt."
 
Beware: there are plenty of other folks out there waiting to help you take money out of your home equity for any purpose.