Would be smart if he had $59,000 somewhere right now. Instead he has a $18,000 truck that he paid $38,000 for with Equity money, a $2000 ATV, that he paid close to $5000 for, and a car that is worth maybe $8000, that was they paid close to $15,000. So, if the house doesnt sell, he's basically paying on a ATV, Car, and truck, for 25 years?????? I do not beleive using home equity to borrow against is a smart move unless you are desperate, or have an investment plan, that will get that mortgage payed back, quickly, with extra left over. Ussually people borrow against to live a lifestyle they can not afford. Just my opinion and current charge in the financial part of my life.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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