Your level of ignorance is truly incredible. So borrowing against equity in a home is no different than borrowing against nothing?
Listen genius, the equity in my home is *mine.* It's something I would not have if I had squandered the money on a diamond instead of a home. It's like having money in the bank. Getting the home equity loan is like taking my own money out of the bank. Yes, of course I have to pay the loan back, but I can always sell the house to pay it back if I need to.
Yes, of course it is unwise to take a home equity loan if you are going to squander the money (on an expensive diamond, for example). It is also unwise to take your money out of the bank if you are going to squander it, but does that money in the bank is useless?
You are truly clueless. I suggest you quit while you're behind.
Math and logic are not your forte. You really should take your own advice and quite when you are lagging so far behind. But here's a hint....your "equity" is less than you suppose, because you have to repay the loans. Please get someone to explain debits and credits to you.