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Originally Posted by zacs
So, if you have equity in your home, and you don't need the money to do major work,
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isnt that what equity is for??? in case you have major work pop up...
say he has 50K in equity
Buys a boat for 35K
leaves him with 15K
I wouldnt be comfortable owning a house with that much money out given anything can pop up with ahouse that can cost well over that.
Im not a home owner, and I dont have equity so really i know nothing... just advise ive been given.