Which is best a home equity line or to refinance?
Friday, February 22nd, 20084evernluv inquired:
My husband and I just bought our first home and its a fixer upper home. We would like to get money to do somr home improvements (fence & hardwood floors) and buy some debt off (about $15,000). What would be a better choice to open a line of equity or refinance? We do know the house has equity. The house was a foreclosure home . We bought the house at 300K and it was appraised at 370K
My husband and I just bought our first home and its a fixer upper home. We would like to get money to do somr home improvements (fence & hardwood floors) and buy some debt off (about $15,000). What would be a better choice to open a line of equity or refinance? We do know the house has equity. The house was a foreclosure home . We bought the house at 300K and it was appraised at 370K
We are first time homebuyers, all advice is welcomed.
Thanks in advance
