I would like a loan, but I’m perhaps perhaps not yes what sort of loan We absolutely need. I need cash to pay for a brakes that are new tires to my automobile plus a couple of other activities that I’ve been postponing until We had additional money. I’ve heard loans that are payday be described as a nightmare, and so I don’t like to get in that way. My buddy told us to simply just simply take a home equity loan out since I’m about ten years far from paying down my home loan and my home value continues to be very good. Therefore, is a house equity loan an idea that is good?
Clara D. Green Bay, WI
Many thanks for the concern. A property equity loan or credit line are an option that is great coping with debts as well as other economic items which need attention, but sometime it isn't the smart path to take. A testament to that particular may be the housing bubble that people just lived through.