State of the Market

With home prices at all time high's, many people are probably considering tapping into their home equity with a cash-out refinance or a home equity line of credit. But beware... this is how people get over-leveraged and end up not being able to afford their monthly mortgage anymore. It's a great strategy if you have a plan in place, but please don't go out and do a cash-out refinance to buy yourself a new car.