Home Equity Line of Credit: Harder to Get, but Worth the Effort

The wrong way to use your home equity line of credit: purchasing $1,300 worth of ties, as the current court case of former Illinois governor Rod Blagojevich and his wife, Patti, recently revealed. According to court documents, the governor and his wife were using credit cards and home equity to finance a lifestyle they could not afford. The Blagojeviches weren't the only ones who tapped valuable home equity in the past decade, only to get