Not really relevant to the OP but maybe to some of the comments:
A while back, a friend refinanced his house to buy a new Cadillac SUV ($$$$).
He doesn't have that vehicle any more but I have to bite my tongue to keep from reminding him that in another 20 years it will be paid off
IMO The only time to take out equity is if it's necessary to save a life, or to keep from looosing the home.