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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]We have family in somewhat similar situation. 1) why are you so sure you’ll have job by January? We know folks laid off for a year? If you have an offer can you get advance? 2) you need to pack up all your stuff and move out and RENT OUT YOUR HOME. get rid of as much as you can, store some, and then move where you can (1 bedroom apartments, univ housing, family, rent an trailer and camp). You need rental income to cover mortgage. January is 3 months away. 3) hardship withdrawal of 401k. You should qualify. [/quote]
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