- Jun 13, 2000
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I added a few rooms onto my house footprint in 2013....poured footers, tied the roof in, etc...but never finished the project because we had a second kid and I switched jobs (thus I felt guilt about ditching work to do construction tasks). Somewhere between losing time to work on it, we ended up spending money on the kids and other things raht
I need a bankroll to get moving on this again and it'll probably take under $25-35k to complete the job...I just don't have that much liquid right now because of 2 kids in daycare and the mini van payment... =D
I had my house appraised in 2012 and it's valued around the same now, but since the inside is down to the studs on the addition side of the house and I need some concrete work done outside, I really just want a drive-by appraisal loan...or a no-appraisal option. My primary retirement is tied up in a pension type fund, but I do have a 401k on the side that I can borrow a mere $5-6k from if I need cash that won't cost me much more than $75 to access....that's just not a lot of money and maybe not worth the effort/lost opportunity risk.
I've used a HELOC in the past, but don't know if that's the best route to go....and that was before 2008. I liked the concept of it being a LOC because you don't incur interest unless you spend and have flexibility...no closing costs.
Do I have any other options? Are there better types of loans out there?
I need a bankroll to get moving on this again and it'll probably take under $25-35k to complete the job...I just don't have that much liquid right now because of 2 kids in daycare and the mini van payment... =D
I had my house appraised in 2012 and it's valued around the same now, but since the inside is down to the studs on the addition side of the house and I need some concrete work done outside, I really just want a drive-by appraisal loan...or a no-appraisal option. My primary retirement is tied up in a pension type fund, but I do have a 401k on the side that I can borrow a mere $5-6k from if I need cash that won't cost me much more than $75 to access....that's just not a lot of money and maybe not worth the effort/lost opportunity risk.
I've used a HELOC in the past, but don't know if that's the best route to go....and that was before 2008. I liked the concept of it being a LOC because you don't incur interest unless you spend and have flexibility...no closing costs.
Do I have any other options? Are there better types of loans out there?
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