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/biz/ - Business & Finance

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52642948 No.52642948 [Reply] [Original]

What is the smartest way to access the equity in your house?
Home equity loan? HELOC? Something else?
Or is it just a stupid thing to do altogether?
>t. brainlet

>> No.52642956

>>52642948
Cut part of your home off and sell it at the grocery store

>> No.52642971

>>52642948
Stupid thing to do altogether. Boomer parents did this a couple times and they're still making house payments at 70.

>> No.52643113
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52643113

>>52642971
We would just be doing it once, and it would only be for 10%-ish of our current equity. ($20k of $200k)
Still a stupid move?

>> No.52643179

>>52643113
yes. just take a personal loan retard

>> No.52643230
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52643230

>>52643113
why not take out a little extra and build an add-on on the house? It'll increase your total equity it's win win

>> No.52643250

>>52642948
Just sell it. Home prices are about to dump