My wife and I have a new home I may want to put another room in the basement is this a good thing for us to get a home equity line of credit to complete that project.

Terry Says:  Please read my new column on the subject.  These loans are typically interest-0nly, thus offering attractive low payments — AND the risk that rates could move higher and that you will owe a big balloon payment ten years down the road.   Can you afford that?

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