http://www.mortgagepirate.com/home-equity/n26.html Home equity loans be the greatest danger to yer financial stability - because its all you! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Beware the temptation and dangerous glances of home equity loans! Once, as we sailed round the Sound of Finantopia, I spied through my invisible eye something hellish in the waters somewhere deep off our starboard side. And Im a pirate see, afraid of nothin', and I jumps overboard to finds out what it is. Curses! Swine! Pig puke and boils! It be a man sinking to the bottoms of the salty depths, wrapped too tightly in home equity loans to squirm and wriggle his way free - poor worm. Too many home equity loans make worm food Aye, any cocker with a home these days can apply fer home equity loans up to and over the amount of equity they have amassed. And aye, equity is more prevalent and easier to amass than ever before. BUt too much of a good thing is a bad thing, home equity loans included. Imagine what would happen if, as we sailed round this great watery bulb, we sallied upon the great city of El Dorado, where even the wenches have gold sewn into their britches! Oh, we'd grab - that be true enough - but we could, should only grab so much. Fer whilee all the gold in the world would be grand, too much aboard me ship and its a one way trip to see old Scratch somewhere down beyond Davey Jones' watery pit. We'd sink, and taking out home equity loans ye can't afford be a guaranteed way to flounder. Three cheers for financial responsibility! Now don't take a pirate the wrong way - I be likin' home equity loans just as much as the next man, woman, eunuch er tranny. Home equity loans can be great fer what ails ya - debt consolidation, home improvements, outside purchases that otherwise woudl require armadas o 'interest - but its just that so many people be ailing to much. People be takin' out home equity loans fer nothin' more than a desire for extra cash, and when the monthly repayment get to much and the demands just keep on a crushing down, you know exactly where they are gonna go - crying home to Uncle Sam! Sat, 26 Jul 2008 15:00:00 EDT