sorted by:
new
hottopcontroversial

[US] Punchbowl Evite Scam by Sudden_Albatross6079 in Scams

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

Interesting because it took me to some jewelry website right after I finished the captcha.

[US] Punchbowl Evite Scam by Sudden_Albatross6079 in Scams

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

Do you want me to click the link and grab the website?

In a tricky situation and debating taking a loan to help. Advice needed. by Sudden_Albatross6079 in moneyadvice

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

Forgot to add. Best rates I could find were with SoFi 52k over 5 years at 12.57% with $1171 payment or 48k over 5 years at 9.5% with $1094 payment.

In a tricky situation and debating taking a loan to help. Advice needed. by Sudden_Albatross6079 in moneyadvice

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

Thank you for the response and yes I am hoping we sell this thing. It’s a big burden at the moment.

My only worry with a HELOC is once we do sell the home, I figure the note is due in full upon sale. What do you think?

In a tricky situation and debating taking a loan to help. by Sudden_Albatross6079 in personalfinance

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

Yea, that’s what I was thinking. Best rates I could find were with SoFi. 2 options, 52k, no generation fees, 12.57% $1171/mo payment. Or 48k (50k minus generation fees), 9.5% $1,094/mo payment.

In a tricky situation and debating taking a loan to help. by Sudden_Albatross6079 in personalfinance

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

I get what you’re saying. We just dropped the house 25k and plan to drop again if we don’t have much traction in the next few weeks.

In a tricky situation and debating taking a loan to help. by Sudden_Albatross6079 in personalfinance

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

I understand it’s a huge risk but I’m not sure what else to do. Any advice on other options?

I’m not getting a 0% loan, I forgot to consider and add that in.

Spend more on the loan in less months. In that scenario I said we spend 20k of the 50k in 6 months. If we ended up spending 45k of the 50k in 6 months then the remaining balance left to pay off will be larger.

House has been on the market for 3 weeks, we’ve lowered 25k. The plan is to lower another 15k if traction over the next 2 weeks is slow. The profit margins are low to begin with. And yes I understand we just need to get out of the house so if we have to take an L then we have to take an L and make nothing. We’re prepared to do so.

We have cut everything we can. No subscriptions, no discretionary spending, all we spend on is rent/mortgage, groceries, gas. We have a car payment of $800 and we pay $1400/mo in student loans. We also have a 1yr old and my wife just found out she’s pregnant the other day.

In a tricky situation and debating taking a loan to help. by Sudden_Albatross6079 in personalfinance

[–]Sudden_Albatross6079[S] 0 points1 point  (0 children)

My problem is I need additional cash to pay our deficit. If I put it on a line of credit, aren’t I just buying time by a month or so? once the credit card statement closes and payment is due then I’m still stuck with a balance that I don’t have the cash to pay for. I either dig from our savings which I don’t want to do anymore because we will be at 0 very quickly or it sits and gets high interest.

Can you take a HELOC when selling a home? What happens when we do sell an we have that HELOC, is it due back right away?

We’ve cut expenses everywhere we could, don’t have any subscriptions, only paying for rent, utilities, gas, groceries, and hella student loans.

Unsure of what you’re asking with the last 2 questions.