Take The Loan If You Need It, Not Because You Can

For many people today, refinancing their home may be one of the better options available, as their equity may have reached the required watermark. However, you don't need to take a loan against your home's equity, just because you CAN. Assess your needs, check if they are viable, and then only take a home equity loan. Bestsyndication.com reports:

One interesting recommendation is to use that money for something that has the same lasting power as your home – and your mortgage. Financing college educations for your kids is a pretty good example. Adding home improvements is another.

Link: Sorting Through Home Equity Loan Options