Been kicking around this idea lately and figured I'd toss it out here. Let's say you've built up a decent chunk of equity in your home, and you're thinking about pulling some of that money out to maybe renovate the kitchen, pay off some high-interest debt, or even invest in something else. But then again, you're basically borrowing against your own house, right? Which feels kinda weird...like, um, betting on yourself, I guess?
I've heard some people swear by it—saying it's smart to leverage your equity while rates are decent—but others warn it's just adding debt and risk. Honestly, I'm a bit torn. Hypothetically, if you had enough equity built up, would you feel comfortable cashing some of it out for other purposes? Or does the whole idea make you nervous? Curious how others see this.
