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Message
re: HELOC vs cash out refinance vs second mortgage?
Posted on 5/14/22 at 12:22 pm to GeismarGeauxer
Posted on 5/14/22 at 12:22 pm to GeismarGeauxer
quote:Personally these are things I wouldn’t use a heloc/cash out refinance for. Have them take out loans for school.
Kid’s college and car
Posted on 6/3/22 at 7:14 pm to LSUSUPERSTAR
We’re about to do this same thing. We want to custom build our next house but don’t currently have enough to buy the lot we want. We originally were gonna do a home equity loan but each rate I’m quoted is over 6.5%……no thank you.
Posted on 6/9/22 at 1:10 am to ThanosIsADemocrat
quote:
Cash out
But I have a 3% on current mortgage and it’s way higher than that now so wouldn’t that not be a good idea at this time?
Posted on 6/9/22 at 10:34 pm to GeismarGeauxer
Why not go local community college for a few years to save money.
Posted on 6/11/22 at 11:26 am to GeismarGeauxer
quote:
And what is a reverse mortgage? Same as HELOC?
Not even close
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