The Money Pit: Home Equity Lines
Alan Greenspan and his friends at the Federal Reserve continue to hike up short-term interest rates. And if you've got a home equity line of credit, you might be in for a rude, rate awakening. Real estate expert Elizabeth Razzi explains how not to let your home equity line turn into a money pit.
Many people are in a big surprise when payments for their adjustable rate mortgages and home equity lines of credit begin to rise. (Photo: Justin Sullivan / (c) Getty Images)
More on Spending, Housing - Real Estate
