Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "House renov/addition: pay cash? Refi? HELOC?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Depends on how you feel about the stock market and interest rates. Once you retire, how will you be paying bills? Off of draws from your savings/equities? One thing you could do is get a straight construction loan to pay for it all. - rates are a tad higher than average rates right now, but you wouldn't have to spend to refinance that, your loan % would be fixed for life, so you also wouldn't have to worry about interest rates and your HELOC going crazy. Of course, you could just get a HELOC and pay it off with your savings if it ever got out of hand. I guess the real question is how you intend to live once you retire. In the end, it's all a shell game. Last thought about getting a loan vs. paying it off is that IF you ever do need to move or IF something unexpected ever happens to you, you will not have all your $$ tied up in home equity - something that can be hard to tap - at least harder than a savings account or equities.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
