Summary: Understanding HELOC's – Howard Dayton and Steve Moore discuss the pro's and con's of Home Equity Lines of Credit and offer some serious warnings. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We have some retirement funds in low-yielding CD's - is there a better place to invest?" "I need some insight on re-financing - combining a first and second mortgage'"' "Are there tax consequences to giving a home to my daughter?" Be sure to check out the Compass website for a complete listing of helpful resources, radio archives and calculators. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
