Does this strike anyone else as a really bad idea?

| September 22, 2007

I’m in the middle of making a large batch of spaghetti sauce last week, and a commercial comes on for something called “Equity Repositioning.” The basic idea is to borrow against your house and invest the money in something else. Of course, that “something else” has to provide enough regular income to make the payment on your equity loan and be safe enough to ensure that you don’t lose your loan principal (and your house).

Sheesh.  ..bruce..

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Category: Economics, Main, Recession Watch

About the Author ()

Webster is Principal and Founder at Bruce F. Webster & Associates, as well as an Adjunct Professor of Computer Science at Brigham Young University. He works with organizations to help them with troubled or failed information technology (IT) projects. He has also worked in several dozen legal cases as a consultant and as a testifying expert, both in the United States and Japan. He can be reached at bwebster@bfwa.com, or you can follow him on Twitter as @bfwebster.