“I think that word “equity” is the key here. Without equity, there’s no line of credit.”
Which essentially means that you are borrowing against your house.
Dave Ramsey, who’s advice can be good and bad, implores people to pay off their house rather than use the money for investments. He asks, “Would you borrow money against your house to play the stock market?”. Most people immediately respond in the negative. Apparently a couple of people here haven’t gotten the memo.
Hopefully ocrenter won’t be posting about them in the near future.
