So Jemifus and I have been evaluating different options to fund some of the wedding. We could always accept some aid from our parents, sell one of our cars, apply for a bunch of 0% credit cards or take out a Home Equity Loan. I used to be a loan officer and most my clients took out home equity loans to consolidate their high interest credit card balances and a smaller percentage used it for home renovations. The benefit was that my clients got a low interest rate and some tax deductions. It's a pretty good deal if you have equity in your home. I would just advise you to make sure you evaluate all the costs that go with taking out a home equity loan to see if it financially is beneficial versus your other options. It's definitely something we are considering to fund the wedding, but we may wait and take out a heloc (the acronym for those in the know) to finally put in those hardwood floors that we've been talking about for 3 years. However now that we've spent 2 weeks installing a two hundred pound weightlifiting system in the guest room, we aren't that motivated to do anything that requires removing items out of our place. Because that makes sense right? We're too lazy to move around things to improve our home, but we'll spend all day standing in place lifting a heavy metal bar.
This post is sponsored by Personal Home Mortgages.
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