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You’ll do fine. Just remember, DON’T use your home as an ATM machine. Refinance ONLY to get the interest down, or to do improvements. And NEVER accept an adjustable rate loan. If you can, pay a bit extra every month on the principal. And keep an extra payment or two in the bank, just for a rainy day.

Don't listen to this horrible advice. Take out a home line of credit and use it to buy a 50 inch plasma TV (you can use your tax rebate check to buy a Blu Ray DVD player to go with it). Then go buy yourself a nice shiny 4000 pound SUV thatgets 9 miles to a gallon and requires premium gas. When things turn out badly, you can cry for the Gubment to come save you.

Take out a home line of credit and use it to buy a 50 inch plasma TV (you can use your tax rebate check to buy a Blu Ray DVD player to go with it).

Dude, you need to read FreeRepublic a LOT more... We just had a thread here where you can give up sex for 6 months and get a 50" plasma TV!

Use the home loan not for a TV (you're not gonna get any nookie if you're married, or you DON'T have a 50" TV already - what a loser, everyone KNOWS that a big TV is a chick-magnet) but something more important like a Kegerator or a massaging recliner to enjoy that TV...