 Quote:
Originally Posted by ERD50
What about a Home Equity Loan or Line of Credit? Our CU is currently offering 6% loans, and 3.25% LOC (variable).
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-ERD50
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I agree an HEL is a better option if you can use it and Penfed has something called an "Education Home Equity Loan"- Not sure how they could be different from any other home equity loan. Unfortunately, HEL is not presently an option for us.
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"there is reasonable money to be made in lending people money to buy houses. I refuse to believe that there is, really and sustainably, enough money in it for the originators and the servicers and the insurers and the bond underwriters and a hundred different tranche buyers and swap dealers and my pet kitty to take a piece of the interest." -Doris Dungey (Tanta) of Calculated Risk
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