#equity

Paying negative equity with personal loan

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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…

Reddit Personal Finance 683 2024-07-13

Negative Equity in a car.. should I sell?

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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…

Reddit Personal Finance 950 2024-07-11

Gift Of Equity Question

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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 …

Reddit Personal Finance 383 2024-07-10

Cash-Out Refinance or Home Equity Loan?

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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…

Reddit Personal Finance 442 2024-06-25

Radical Eyes for Equity: Reading Reform We Refuse to Choose

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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…

The Best Education Blog 721 2024-06-06

How to find a profit / equity share partner like this…

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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 …

Reddit ecommerce 664 2024-05-30

Sweat Equity – How to draft an agreement

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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…

Reddit Personal Finance 585 2024-05-29

Home Equity Loans and HELOC

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Home Equity Loans and HELOC I currently have a Home Equity Loan on my property. Is it possible to open a HELOC on the same property? Can you have both at the same time? submitted by /u/Be_bold23

Reddit Personal Finance 1.1k 2024-05-21

Should I take out a Home Equity Loan?

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Should I take out a Home Equity Loan? I have 25K in credit card debt (awful, I know!). I owe 232K on my home which is worth 625K. And I also need to make some home improvements (around 15K). Should I take out a 40K Home Equity Loan at 6.7% for 15 years (about 350/mo payments)? I have solid, steady income but no savings. submitted by /u/Sbgej5

Reddit Personal Finance 471 2024-05-17

Home equity for CC debt?

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Home equity for CC debt? Wife and I have $90k debt between us, mostly credit card, high interest. We keep up with payments but min payments cost us $2300 a month. Thinking about taking $90k home equity loan at 8% to pay it off over 5-10 years. Would close all cards after they’re paid. We’re clearly not credit card people. House is worth $160k, we owe $25k on it. Always …

Reddit Personal Finance 1.2k 2024-05-07

San Diego rental property has too much equity. Hold or sell?

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San Diego rental property has too much equity. Hold or sell? I (45M) recently inherited my childhood home in San Diego and put it up for rent. The house is fully paid off. It was appraised at $800,000 and I’m renting it for $3400. All is going well, I have great tenants, but I am starting to think about opportunity cost more and more with all of this tied up “dead” equity. I’d love to retire in 10-15 year…

Reddit Personal Finance 695 2024-04-21

HELOC vs Fixed Equity

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HELOC vs Fixed Equity Hi All, I am trying to determine the best way to borrow money for finishing my basement. I am debating a HELOC at 7% vs a Fixed Home Equity loan at 6%. I intend to borrow around $40,000. I understand with a Fixed Home Equity loan you get all the money upfront and have a fixed payment based on the term of the loan, and that a HELOC your payment v…

Reddit Personal Finance 1.2k 2024-04-14

Home Equity Loan to Consolidate Debt?

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Home Equity Loan to Consolidate Debt? I am trying to determine if I should use a hone equity loan to consolidate debt and monthly payments. In summary, I have paid off over $50,000 in debt this year, but I have multiple accounts I am paying on and some have time limits before interest kick in. Details are below. Monthly take home: $10,000 Monthly spending: $6000 Home equity: estimat…

Reddit Personal Finance 576 2024-03-21

HSA: health equity to fidelity

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HSA: health equity to fidelity I have come to realize that Reddit is the only source for helpful advice on the internet. I recently got a job and opened an HSA thru employer. The HSA is with HealthEquity. I have seen posts from people saying they have an HSA thru HealthEquity but “transfer” their money to Fidelity HSA every so often. But I am confused. I am trying to figure …

Reddit Personal Finance 1.2k 2024-03-10

How do I use the equity in my house to by another house

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How do I use the equity in my house to by another house My neighbors just put their house up for sale and I want to buy it so my adult kids can live next-door. My house is almost paid off and I would like to use the equity in my house to buy my neighbor’s house. How do I do that? submitted by /u/Icy_Painting4915

Reddit Personal Finance 489 2024-02-17