For matters pertaining to equity the authority that I go to is Marian Snow - best-selling author of “Stop Sitting on Your Assets”. She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way. She also tells you why your equity is your best asset, and the best strategies to employ to make the most out of this asset.

Preview the book here — there’s a lot of vital information you can’t find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.

You can contact Marian through her personal blog here:

Sure, but an unsecured la will have a rate of 2% higher attached to it. Based on what you’re saying the brother-in-law has enough debt already.

No, there is no way to change a low risk, secured home equity loan into a high risk, signature only, personal loan. You would have to borrow funds in a totally unrelated transaction and then pay off the home equity loan. It is not a good idea and probably would not help.