Tip 32: I’m in a bind…

Financially strapped? Many people think of selling their house to acquire much-needed cash.
Your house is your only asset and perhaps the only asset that banks will look at if you apply for a loan.

Instead of selling, you may consider the option of using the equity you’ve built up in your home to apply for a loan.
But don’t sell just because you need cash. Banks are often willing to give you room to maneuver on your house equity.