--- In [email protected], *** Home Life ***
<[EMAIL PROTECTED]> wrote:
>so the person who receives the equity of the home or some portion of
it, must he/she also be resonsible for the funding of a college
education? what if equity loan is in both names? opened up, in the
event cannot pay for college tuition. no payment due unless use
portion of equity loan.
>
> Your home is your castle -- and sometimes it's also your bank.
> The equity in your home -- the current appraised value minus the
amount owed on the house.
> This chapter defines the types of home equity debt and the pitfalls
of each.
>
> http://shmyl.com/yiaoson
>
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