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Reply to "I need about $20k to get us through a layoff-home equity loan?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I doubt you’ll qualify for a loan if you don’t have the income to pay for it. If you can get one, this seems like a good option if you pay it off quickly when you go back to work.[/quote] Op here. My DH works, but makes less than I was making and he doesn’t make enough to cover all our bills. In theory, he could cover the mortgage though if we just [b]didn’t pay other things[/b].[/quote] Which things specifically? It would be better to skip on some bills and pay them when you’re working again then start paying interest immediately on a new debt. [/quote]
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