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Subject: "OKHome owners: tell me about the HELOC" Previous topic | Next topic
legsdiamond
Member since May 05th 2011
79952 posts 		Fri Apr-21-17 08:03 AM

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"OKHome owners: tell me about the HELOC"


          

anyone ever use it?

pro's and cons?

We have a nice chunk of equity in our home and with a second child coming we are thinking about using a Heloc to consolidate debt.

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  
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OKHome owners: tell me about the HELOC [View all] , legsdiamond, Fri Apr-21-17 08:03 AM
 
Subject Author Message Date ID
Never used one, but
Apr 21st 2017
1
I don't like the idea of tying
Apr 21st 2017
2
yeah, that's the tricky part
Apr 21st 2017
7
      makes sense
Apr 21st 2017
27
thanks, my bank is giving us the option to lock into a rate
Apr 21st 2017
4
Never done a HELOC but....
Apr 21st 2017
3
interview was OK, I don't think I knocked it out the park tho
Apr 21st 2017
5
      Dat HELOC doe.... they are just a slippery slope....
Apr 21st 2017
6
           yeah, we definitely aren't going to take out the max
Apr 21st 2017
8
           If the numbers look right, do the damn thing. Any way to ease the
Apr 21st 2017
9
                bruh, my wife is stressed as hell
Apr 21st 2017
10
                     yuup. I'm the chill one in our household. Or should I say optimistic...
Apr 21st 2017
16
           Man, do you or your wife make more that this:
Apr 21st 2017
12
           Ha, of course we do, way more. But we in the DMV so......
Apr 21st 2017
14
           bruh... this is amazing. Shit is worse than a pyramid scheme
Apr 21st 2017
18
                If you are going to need daycare when you move here, DEF. take
Apr 21st 2017
23
           folk, that daycare expense is MIND-BOGGLING!!!
Apr 21st 2017
13
           pocket-BOGGLING!!! daycare.will.break.you.
Apr 21st 2017
15
                breh, you gotta have ONE of your passions, at least
Apr 21st 2017
20
                     I hear you fam. Really though, these kids are my drive now. The
Apr 21st 2017
22
                          my boy in LA called me up with jokes...
Apr 21st 2017
24
           question: does your wife exceed 50K in take home pay?
Apr 21st 2017
26
                Nearly 2x that. It's really a no win up here
Apr 22nd 2017
28
It's better to have debt that's tax deductible than not.
Apr 21st 2017
11
this is why I fuck with yall OKP niggas
Apr 21st 2017
17
As a property developer and landlord its essential
Apr 21st 2017
19
we have about 5K0 to 75K in equity
Apr 21st 2017
21
      A lot of Investors and entrepreneurs get started by using a HELOC
Apr 21st 2017
25

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