Hello all, I am coming here from Betrayed Spouses Support. I need some advice about my boyfriend’s debt. Here is his dilemma:
2nd home condo: Owe $150,000 (His primary home is paid off)
Home equity loan: owe $50,000
Loan for renovations: need $25,000
Should he take out a loan to cover all these expenses (Quote fixed rated at 3.625%) or refinance condo (They are quoting a variable rate of 3.99%) and take out an additional loan to cover the equity loan and the renovation loan?
Thanks in advance!! Christy