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
»
Money and Finances
Reply to "Any reason to have a 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][quote=Anonymous][quote=Anonymous]Maybe you lose your job and can't find one for another year or two and you need money to live off of, but no one will give you a loan since you don't have a job. [/quote] This is real life for me.[/quote] My DH is in this position but I work. Hard to tell when he will get another job that pays what he was making. We have two kids in private school (special needs) and need to have money on hand. We have money in savings but it may not last a full year. We have a huge amount of equity in our home, interest rates were low and we could qualify for a HELOC based on my credit and salary independent of DH. It made sense because as a PP said, unexpected things happen.[/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
