[daepp]

Never borrow on your home to pay of cr. card debt - regardless of lower rates or income tax deductibililty.

Studies have shown that unless you got through the pain of paying off credit cards to zero, that if you borrow on your home to pay them off, a debtor will be back to the same level of c.c. debt within 12 months.

And all those meals and vacations will now be repaid at interest for 30 years.

M home is free and clear, I'm 44 and live in So Cal, I believe in private education, have 3 kids under 16, and will never borrow on my home for living expenses, tuition etc.

I do know htere is a valid argument for utilizing the equity in a home of for investment purposes to aid retirement, but I just can't bring myself to do it. Too much comfort in having it paid off I suppose.