'Take money out of your home'
The idea of "taking money out of your home" is as much of a misnomer as a misconception. This is usually used in the context of a homeowner with a large share of home equity that is looking to put money into other investments. But let's call it what it is -- borrowing. That borrowing may indeed lead to wealth creation, but only if the rate of return on the investment exceeds the cost of borrowing. Taking money out of the home is not the same as going to the ATM and taking money out of your checking account. Instead, the homeowner is using the lender's money to generate a return and paying interest for the privilege. This loan is secured by the borrower's asset, home equity.
Bankrate is an excellent site. :-) Check it out!