This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
2
Is it better to refinance or get a home equity line of credit for major reconstruction.
Post Body
I want to dormer my home, I was quoted at $135,000 and my credit union is offering a $150,000 home equity line of credit at a 7.48% interest rate which I cannot pay off until 2 years pass. My mother in law suggest we just refinance since property value increased significantly. I asked my credit union and they said the interest rates are 8.99% and it’s better to get a home equity line of credit.
Which is the better option? If someone can suggest some other plans I’d be all for any suggestions.
Author
User Disabled
Account Strength
0%
Disabled 6 months ago
Account Age
4 years
Verified Email
Yes
Verified Flair
No
Total Karma
2,059
Link Karma
1,464
Comment Karma
576
Profile updated: 5 days ago
Posts updated: 11 months ago
Subreddit
Post Details
We try to extract some basic information from the post title. This is not
always successful or accurate, please use your best judgement and compare
these values to the post title and body for confirmation.
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/HomeImprove...