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Farmer-Rick

(12,779 posts)

7. I was considering a home equity loan for a new roof

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Aug 3, 2019, 02:38 PM

Aug 2019

I wanted a fixed rate less than $10,000. I figured I could pay it off in less than 3 years, then sell the house and keep all my investment. But they wanted to charge me a penalty for early pay off.

It seems early pay off fines and penalties from the lender are back into vogue again. F*ck that, I used my saving instead.

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Trump administration puts new limits on cash-out refinance loans [View all] Yo_Mama_Been_Loggin Aug 2019 OP

For most people, even 80% is too darned high. MineralMan Aug 2019 #1

Good points customerserviceguy Aug 2019 #8

+1, uponit7771 Aug 2019 #9

This is actually good. Turbineguy Aug 2019 #2

Poor headline. The "new limit" is really the standard limit. People shouldn't be using these anyway. PSPS Aug 2019 #3

3rd paragraph says as much Yo_Mama_Been_Loggin Aug 2019 #4

The House should pass a law duforsure Aug 2019 #5

Okay!!! Wellstone ruled Aug 2019 #6

I was considering a home equity loan for a new roof Farmer-Rick Aug 2019 #7

A HELOC would have worked for you Mosby Aug 2019 #10