The present housing industry is still booming. Homeowners are seeing astronomical gains in home values. It is a given that the housing market will peak at which time home pricing and value is expected to depreciate. How will this impact the market? Should home owners wait for the housing market to level off before taking out a home equity loan or refinancing?

Should home values tumble and reflect the homes' true market value, home owners with mortgage balances that are larger than a home's true value and face hardship that forces them to sell their home will have to come up with the difference.

To offset this problem make sure your appraiser is assessing the true value of your home. Avoid infalting tactics that could leave you high and dry in the end.

Should home owners wait for the housing market to level off before taking out a home equity loan or refinancing? There is no way of knowing when the housing bubble will burst and at what level this will leave the value of homes. So if funds are required in order to raise the qaulity of life or at the very least maintain it, getting a home equity loan or line of credit may be considered a practical investment.

As home values continue to rise many are contemplating how to take advantage of this unique investing phenomenon. There would appear to be two ways to go about it.

1. Get a home equity loan or line of credit and invest the funds into whole products with quick turn around on the retail market.

2. Sell your home. Save a portion, invest a portion in stocks, bonds and mutual funds. Create a second income. Turn over the profits until you're able to live off the proceeds.

Experienced investors believe the safest way to invest is to do so in gold, silver, Platinum or any of the metals. Silver seems set up to surpass even gold in earnings. Other investments include real estate. A secure and steady approach would be investing in bonds and mutual funds.