Regular readers know that I am a big proponent of the home equity management strategies put forth in the Missed Fortune 101 book. Essentially, the book makes the argument that home equity (either what you've paid toward principal, money you've put down or equity you've gained from appreciation) does not pass three big litmus tests for a good investment -- liquidity, safety, and rate of return.
In the interest of sharing the bizlove, I'll point you toward an article that Bankrate put out that fleshes out some examples of this strategy (note to self -- Bankrate is your competition, Scott -- share the love, share the love,....) The author does a good job of pointing out an oft-overlooked fact --Uncle Sam is our friend when it comes to being able to write off mortgage interest.
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