heloc's are often done without fees, so even with a higher rate, you might be cheaper to go that route.

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Dec 19, 2024
5:49:53pm

IdahoCoug All-American

heloc's are often done without fees, so even with a higher rate, you might be cheaper to go that route.

And like others have noted, you can keep it and use it for another project after you've paid it off.

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IdahoCoug

Bio page: IdahoCoug
Joined: Mar 14, 2001
Last login: Dec 19, 2024
Total posts: 15,424 (598 FO)

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Messages

Author

Time

Line of credit or second mortgage for remodel work?

IrishBlue

Dec 19, 5:39pm

Line of credit is more flexible. Draw it out pay it back. Repeat.

Iman23

Dec 19, 5:40pm

The thing is I will basically just be dumping it all on in a 6 week period.

IrishBlue

Dec 19, 5:46pm

if you’re going to pay it off in four years, I think a heloc. If it is going

johnnybyu

Dec 19, 5:44pm

heloc's are often done without fees, so even with a higher rate, you might be cheaper to go that route.

IdahoCoug

Dec 19, 5:49pm

I was wondering about that. I guess I'm not sure where rates are truly at.

IrishBlue

Dec 19, 5:56pm

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