Using home equity like of credit to pay off high interest debt Hello! We are currently sitting on 25k of credit card debt. This has been a looming thing for several years. However, my salary has nearly doubled in last 3 years (from 92k-180k). While this makes tackling all out debt much easier (overall debt is roughly 300k including house, cars, student loans), I have the ability to take out a home equity l…

Father in law looking at taking out home equity line Hello all, Father in law (64?) lives in a house in Vermont that’s currently half a construction project. He said today he is looking at taking a home equity line of credit to get some dental work and fix up the house. He works manual labor around the state and has next to no savings. His house is paid off and livable but unfinished. He doesn’t h…

Equity buyout loan on paid-off house in divorce I have a fully paid-off house that is completely in my name. Proceeding with an amicable divorce, I’ll have to give my STBX husband $400k cash and we go our separate ways. I plan on doing an equity buyout loan on my paid-off house. But I’ve been a student for the past 2 years with very little income. Any advice on how I can get a 30 year loan?…

Equity Split Calculation on previously shared home Hello, Sibling A and Sibling B purchased a home about 8 years ago. Both contributed to everything equally for the first ~6 years until Sibling B was married and moved out about ~2 years ago. Both siblings put down payments and are on the mortgage, which is causing issues for Sibling B as they are trying to move on with life and would like to be…

(US-KY) Why does my Mortgage Company keep trying to offer me Equity Loans/Credit when I have less than 20% Equity? I bought my house back in 2019 through a local Mortgage Broker. They almost immediately sold my Mortgage to PennyMac. For the first few years I didn’t really get anything out of the ordinary from them. Now it seems like every day I’m getting e-mails and unsolicited phone-calls from them offering me Equity Loans and HELOC options, which I always …

Was Offered Equity to Build a Store I was recently approached by a brand offering equity in exchange for building their e-commerce store. I don’t need the money or the work, but the idea of ownership is intriguing. Their entire marketing strategy is based solely on commission-only influencer marketing. They’re confident that the product is strong enough to generate enough sales t…

Home equity loan buyout advice I might be getting a divorce soon because of my husband’s drug addiction. It is not 100% gonna happen, but I want to start preparing mentally and financially in case it does. I’m still giving him a chance to quit on his own, but if it doesn’t happen, I have to move on. Our house is completely under my name and is paid off. If the divorce happens…

Car loan at a negative equity Hi! Asking for a friend, they currently have a $13k value car with $29k auto loan. It was purchased in 2022 for a $35k price, they pay $1000 per month and it has only gone down to $29k after 2 years. They said they had really bad credit (600s) when they purchased the car and they also traded in an old car for a new one. Now, their credit had inc…

Private Equity Ruined Our Health, And No One’s Talking About It submitted by /u/yuritopiaposadism

Is this dumb? Home equity/new home question My husband and I have about 200k in equity in our home (after approx closing costs when we sell are factored in) and we really want to move to (hopefully) our forever home. We are looking at new construction in California. My question is, instead of putting all 200k into the purchase of a new home, does it make any sense to put about $100k into…

Labour’s gains in London have private equity looking to exit — the country UK’s new Parliament is in session, and the Labour Party promising is aggressive changes to private equity.

Paying negative equity with personal loan I made an absolutely TERRIBLE financial decision and bought a car at the beginning of the year at a 10% interest rate. I owe 26k and received the highest offer on the car for 20,500 (lesson learned). It will take about 5 years to pay the car off so I just want to sell it instead. Should I go to the same credit union, let them know I want to sell…

Negative Equity in a car.. should I sell? Hey all, 28 years old, was impulsive and bought an Audi. Seems to be in good condition, no problems yet. Total left on the loan is $11,500, the car’s market value currently sits at around $8,500-$9000. In total the car costs me about $550 a month. ($258 payment, $150 insurance, $150 gas) Would like to get into something cheaper. Since I’m in the…

Gift Of Equity Question Hey everyone! Doing this on mobile so forgive my formatting. My father purchased a home and I am currently under a land contract with him. The land contract was originally $136,000. Currently I owe him $100,000. I’m wanting to pull out a mortgage in my name and pay him his $100,000 back. The house appraised for significantly more than when we …

Cash-Out Refinance or Home Equity Loan? I’m currently going through an amicable divorce and will need to get my soon to be ex wife a cash lump sum. The two options I’m looking at are to do a cash-out refinance of my mortgage, or to get a home equity loan. Home value is roughly $315k, and I owe roughly $130k on it, so I’ve got some good equity. Cash amount needed is $60k. My curren…

Private Equity owns London submitted by /u/franticredditperson

Private Equity owns London submitted by /u/franticredditperson

Radical Eyes for Equity: Reading Reform We Refuse to Choose Radical Eyes for Equity: Reading Reform We Refuse to Choose Since the early 1980s, the US has been in a constant cycle of accountability-based reform in education. By 2001 and the implementation of No Child Left Behind (NCLB) and the central role of the National Reading Panel (NRP), that education reform cycle intensified by adding…

How to find a profit / equity share partner like this… Hey guys, With respect to the rules this post isn’t about self-promotion or hoping people will PM me, but I am seeking advice. My business partner and I purchased an online business a year ago. It’s similar to another business I have in another niche. It makes about 15-40k a month, but mostly break even bottom line. I think the two gaps it has …

Sweat Equity – How to draft an agreement Hey guys, I’m in the service industry and a client of mine is proposing equity in their startup in exchange for my services which will be based on milestones/deliverables to be vested in increments. I want to take the deal but I’m not sure how to proceed in terms of legal agreements; especially for tax purposes. I obviously dont want to pay taxe…