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Woah home equity

Outstanding debt for home equity lines of credit increases 11 percent in the third quarter.

I know first hand... Home equity lines of credit are dangerous. Mindsets change when you can write checks from money that you did not earn. Combine that with a belief that your home equity will always go up and you are asking for trouble. HELOCs almost always have variable interest rates. Some of us are in for a rude awakening.

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