Because I likes ya, I’m gonna pass along some advice my baby bro, the CPA/CFO type told me. Get a home equity like of credit. Then the cash is instantly available should you need it or at the rate that you need it.
My mom has one, and the only time she used it was to spot me an emergency loan, which I paid back in a week. We have one also, which we’re using to do upgrades on the house. The nice thing is, we got checks and a VISA card to use to access the account, so when we bought the new furnace/AC, we just wrote a check. When we get ready to finish the bathrooms, we can use the VISA at Lowe’s to buy all the stuff. And as we pay down what we use, it’s available for us to use again for up to 10 years (that’s our deal - dunno what other institutions offer). At the end of the 10 years, if we owe anything, we can’t draw any longer - we just pay it off, and we have 10 years to do that. Plus the interest can be written off.
And again, I don’t know how other places do it, but at our credit union, if we’d never touched the money, it wouldn’t have cost anything at all. Well, except for the appraisal. Anyway, my baby bro is a money-smart guy, so I offer you this info, FWIW.
TGIF!
ScruffyDog is at the groomer’s at this moment. The vet said she’s about 10 years old, about 9 pounds, and she’s got some tumors in her mammaries and he can’t tell if she’s been spayed, so it looks like my tiny little performance bonus is going into doggie surgery. But **FCD ** has become very attached to her, so what the heck… However, if ScruffyDog keeps pooping in the living room, she ain’t gonna live long enough to have surgery! We may have to confine her to a crate while we’re at work. Heck, this morning, she pooed while **FCD ** was sleeping in! Not good. Not good at all.
And so ends another week in paradise.