Well, I think you should use your house as a piggy bank.  Experts say pay off your mortgage before you retire.

So why are so many "tapping" into their home equity?  While some are doing it to pay for living expenses, others are going on vacations, buying lake houses, etc...

This is risky behavior as this could lead to a lifetime of debt, so find another way to pay for your living expenses, vacations, and lake houses.  Don't tap into your equity. 

Remember, even after you have your house paid off, their are always ongoing expenses.

For a clearer picture of just what kind of expenses and how much you should save for these expenses           click here.   It has a free feature that allows you download a spreadsheet called Replacement Budgeting & Reserves, which will list the homes items you will need to replace, and estimated replacement costs of these items.

Are you prepared for the future?

If you are thinking of selling your house, email me for your free over the net market analysis. 

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