Experts Warn Increasing Use of Home Equity to Pay Bills Carries Consequences - 2004-03-09
Homes have become the latest cash machine.
Owners have refinanced in record numbers, taking out cash to remodel, pay bills or just splurge.
Home equity loans and lines of credit are also a popular option. Wells Fargo now promotes a combination mortgage and home equity line of credit.
For example, a $25,000 down payment automatically would become a $25,000 line of credit available after closing.
Read the full story at Miami Herald 
