Is it wise to take money out of a 401k to pay off a home equity line of credit. I am 5 years within retirement
April 9, 2010 by
Filed under home equity line of credit rates
I have been paying on this line of credit for 3 years and becasue it has a flexible interest rate although I pay extra because the interest rates continue to rise most of the payment is almost all interest. I need help getting out of this mess but I also need to put as much [...]
Is it better to use home equity or retirement to temporarily make ends meet?
December 30, 2009 by
Filed under home equity
We are married in our 40′s with a baby. I am stay at home mom and my husband was laid off. We have two homes and no debt aside from mortgages. Should we use our home equity or cash in retirement to make ends meet until we have another income?