I’ve noticed many people where I live doing new home projects since it’s spring. One of my neighbors is actually adding on an entire new living area to their house – wow! I’d have to imagine that they used some of their home equity to finance this. Don’t all neighbors wonder how others can afford things like this? Do you ever wonder if they have the credit or whether they should even borrow more? If you’re having the spring feeling to start a new home project, see if your house has equity and then see if you can either get an equity line against it or use some of your existing equity for it. Remember – only use what you can afford – don’t let your equity give you a bad credit rating.