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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]What is your job? What kind of salary do you earn and does DH earn? If you give some sort of numbers about what your income is now and what it expects to look like if you work, we can give better ideas. I think you should sell the home. Taking out another loan now and then having to pay that back and having your savings already wiped--not a good place to be, even if you find a job.[/quote] Op here. Selling simply doesn’t make sense. Even if it did, I’m not going to. Our interest rate is 2.25%. Housing costs have gone bonkers. We could sell but we’d still have to live somewhere. [/quote]
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