We are in the middle of quite the undertaking. We're in the process of getting a home equity loan from our local credit union to cover our upcoming infertility costs of $20,000.
We have exceptional credit and much to our surprise when she pulled up our credit report it was a 797 out of 900! There would have been a time a while back when we might have had to considered secured loans since we had way too much debt and not enough income!
Of course, we're always looking for the best financial situation available. We also want to make sure that we are able to handle the debt that we take on and that we can pay it off in a timely manner.
It would have been great if we were able to find personal loans with decent finance charges. However, all of the loans that we looked at started at around 7-9%.
We even looked to refinance the house and roll in the debt but that wasn't a good option. We got such a great deal on our initial mortgage that we couldn't even begin to get into another mortgage at the same or better rate.
1Mortgagesuk.co.uk offers a great website full of useful financial information. Whether, you are buying a house, looking to refinance, or taking out a secured loan -- they've got it all!
This post sponsored by: 1Mortgagesuk.co.uk
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