Suspicions Confirmed

I wish to thank the Times and David Myers for the very helpful article on home-equity loans (Nov. 2).

Having just completed an extremely painful, 10-month effort to refinance a property I own on a 30-year, fixed-rate basis, and aware as I was of the changes in the tax law, I had frequently wondered whether one of the home-equity loans might be a better approach to the problem.

Your article reconfirmed many of my suspicions concerning the home-equity loan approach. It can be very useful in a pinch, but it is fraught with dangers for the unenlightened.

JOHN H. NEU

Manhattan Beach