I borrowed $150,000 at 5.5 percent from my life insurance policy to buy some land. The interest is not tax deductible. I owe nothing on my home. I was thinking about taking out a home equity loan for $150,000, then using that money to pay back the life insurance policy.

Expert: Don Taylor, Ph.D., CFA, CFP (Bankrate.com)
Dear Dr. Don, I borrowed $150,000 at 5.5 percent from my life insurance policy to buy some land. The interest is not tax deductible. I owe nothing on my home.