Skeet Shares
stuff I find interesting
Tuesday, December 26, 2006
Time for my new kitchen!
I added a screened-in lanai to my house last year and had it fully wired and plumbed so I could move my washer and dryer out of the kitchen. The plan was to create additional space inside before starting a kitchen remodel. I hired local contractors and used cash I had saved for the new room, a new lanai on two sides of the house and a new roof for my old fixer upper. I thought I was being smart by using cash instead of taking on additional debt, but it turns out I was wrong. Since I’m now ready to do my kitchen remodel, I’ve been researching the best way to finance the work. I wish I had understood better about home equity loans before I used up all of my savings. Since the equity in my house has built to about four times what I still owe I can borrow what I need for the work, and maybe a little to pay the few bills that I carry a balance on from month to month. My payments will be low enough that I can begin rebuiliding my savings (I used their mortgage calculators to figure out how to structure the best deal for myself.) I wish I’d known that before I had the previous work done, but it’s never too late to educate yourself about your own finances, is it?

This post is sponsored by PersonalHomeLoanMortgages.Com. I've been visiting their site for about a month, learning what I need to know. It's embarrassing to admit how ignorant I was when I started, but their Mortgages 101 and other educational features have made it painless for me to bring myself up to speed.

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4 Comments:
Blogger Dirk_Star said...
I am finance retarded...

If not for my wife I don't know what I'd do. Seriously.

Money to me is nothing more than a necessary evil.

I'm terible with it...


My wife thinks I should do the Pay Per Post?

What do you think?

REALLY THINK.

Blogger Dirk_Star said...
Hey? Did you just begin blog moderation?

Blogger skeet said...
Yeah, I got spammed bigtime yesterday. Spent a couple of hours deleting.

As to PPP, it's easy and can be fun, depending on your approach. I assume you have a decent PR (mine is still zero,) so you'll make pretty decent money. Some of the advertisers don't want zero rank pages. I'll send you a letter.

Anonymous Donna said...
Yeah, I agree...PPP is easy and fun!

Thanks for stopping by!!

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