Here is the rewrite of the sample chapter:
Manage Your Mortgage to Free Up Some Cash and Avoid Bankruptcy
Prepare to act instead of react
Reacting to situations involving your asset should always be at the far end of acting ahead. This is because if you react, your tendency is to fix the problem that is already existing while if you act on a problem before it even show some signs, you are in a better footing.
Maintain a liquid asset in order to save your home equity, this will help you conserve it and not to consume your equity in anyway.
When homeowners borrow against their home equity especially to buy depreciating assets such as automobiles, boats or snowmobiles, these homeowners are actually consuming their home equity.
Why is it so? This is because when the depreciable asset ages for about a year or two, your home equity money, which you used to purchase them is actually diminishing. Thus, you have already consumed that part of your home equity.
Discipline is the key here, if you run wild consuming your fund reserve or your home equity, time will come and your finances will dwindle. You will run up to your credit cards and the entire cycle of debt proliferation will consume what is left of your assets and possibly head you for bankruptcy.
We can further clarify why and how you, the homeowner should borrow to conserve rather than to consume your home equity reserve.