Wanting to pay off a couple of credit cards and do some home improvement this Summer.
Home is worth $155k, I owe $94k. Need around $18k to do the bathroom, new shed, new floors, and pay off credit cards.
Current loan is through a title company and with my dad. He gets 5.5%.
Planning on talking to him before I do anything. He may just re-fi the loan and give me the cash.
Looked online at different products and did not like what I saw. Looks like interest rates around 9% on Helocs and over 6% on re-fi.
Just looking for opinions on the options. Looking to get the house fixed up and sold so I can beat feet to Idaho. Doing the bathroom and floors and outbuilding would add at least $15k to the value.
Home is worth $155k, I owe $94k. Need around $18k to do the bathroom, new shed, new floors, and pay off credit cards.
Current loan is through a title company and with my dad. He gets 5.5%.
Planning on talking to him before I do anything. He may just re-fi the loan and give me the cash.
Looked online at different products and did not like what I saw. Looks like interest rates around 9% on Helocs and over 6% on re-fi.
Just looking for opinions on the options. Looking to get the house fixed up and sold so I can beat feet to Idaho. Doing the bathroom and floors and outbuilding would add at least $15k to the value.