Home Equity
Apr. 18th, 2005 01:18 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
susandennisWay back when I first got serious about this redesign, I talked to the guy who has my investments and told him I was going to want a big wad of cash to pay for it. He was disappointed that I wasn't buying a new car but otherwise ok with it.
This morning I figured out what I think I will need to finish it plus replinish my 'out of work looking for a new gig' fund. And gave him a call. He said 'ohhhh I hate to pull you out of any of your stuff right now. I'm thinking home equity line of credit would be the smarter move.'
So I went to my credit union's web page to get the number of the loan people. In the past, I have asked them about home equity loans and basically they have said 'we don't do condos'. So today I called. I got Sharon who was very nice and enthusiastic and when I asked if they still had their no condo rule, she cracked up. Apparently, that rule got run over in the race with the competition.
We chatted and she explained stuff and it seems pretty straight forward.
Then I looked at the app and I realized the problem... I got no job! I work for myself and can show no proof of future income. Hmmm. On the upside, I do have more than a year of income and a 1099 to prove it. Should be interesting.
I guess I'll apply and we'll see what happens!
This morning I figured out what I think I will need to finish it plus replinish my 'out of work looking for a new gig' fund. And gave him a call. He said 'ohhhh I hate to pull you out of any of your stuff right now. I'm thinking home equity line of credit would be the smarter move.'
So I went to my credit union's web page to get the number of the loan people. In the past, I have asked them about home equity loans and basically they have said 'we don't do condos'. So today I called. I got Sharon who was very nice and enthusiastic and when I asked if they still had their no condo rule, she cracked up. Apparently, that rule got run over in the race with the competition.
We chatted and she explained stuff and it seems pretty straight forward.
Then I looked at the app and I realized the problem... I got no job! I work for myself and can show no proof of future income. Hmmm. On the upside, I do have more than a year of income and a 1099 to prove it. Should be interesting.
I guess I'll apply and we'll see what happens!
