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Originally Posted by Rygel XXV
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Originally Posted by wakeboarder109
I wanted to get some thoughts on home equity credit lines. I need to do some necessary home improvements (mainly the roof) and was thinking of getting a loan instead of dipping into my account. The rate is 1.99 % for 60 months. I have a solid 80k equity in the house and was thinking about a 15 to 20k loan. Thoughts?
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Absolutely a no brainer, especially if you actually have cash on hand to pay it off in a pinch if necessary.
OPM > your money. |
That's what I was thinking. Especially with the rate. From what I've seen it seems pretty low.