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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]The "small child" side show needs to stop. Stop your stupid side bar argument that means nothing. OP needs income now. Now. Now. Get a job. Not in January. Now. I'm sure that low interest rate seems like such a great thing, but it's handcuffing you to this home you CANNOT AFFORD. Again, doing the math...OP claims the house is worth $1.5 (which I doubt), she bought it for $800K and has $700K in equity (800+700=1.5M). THEY PUT NO (or very little) MONEY DOWN! Which means they are also paying PMI. And taxes. And insurance. They need to sell, cash out, and rent (staff university housing?) and regroup. [/quote]
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