Don't get sucked into paying high interest rates--if a lending institution offers you a loan for 100 percent of your home's equity, be cautious. Its rates may be higher than those charged at most banks and mortgage companies.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.