How do we feel about HELOC’s?
How do we feel about HELOC’s? I purchased a house 7 years ago and spent $150k remodeling it. We ran out of savings but have everything done except the basement. I am considering borrowing $40k of our home equity to finish remodeling the basement. It will add a play room, home office, and guest suite. I would like to use the space rather than wait 5-7 years to save up. 33 yea...