We’ve decided to stay in our current home (paid off in 8 yrs) and do some major improvements.
Have the improvements priced out at around $35-40k. We are right on the edge in terms of the ratios for a home equity.
What are the best options out there? The goal would be a max of 10 yrs before the loan was paid off, but don’t know if a line of credit is better, a standard equity loan with a fixed rate, or a standard loan.
Any help/advice would be awesome. Thanks.
Have the improvements priced out at around $35-40k. We are right on the edge in terms of the ratios for a home equity.
What are the best options out there? The goal would be a max of 10 yrs before the loan was paid off, but don’t know if a line of credit is better, a standard equity loan with a fixed rate, or a standard loan.
Any help/advice would be awesome. Thanks.
