FinanceHome Equity
#RI-69a90d33·4 months ago·
2
“Decide between Home Equity Line and Refinance with Cash”
What Actually Happened
If I refinance, I'll get a lower interest rate and $70k in cash, but may not be able to find a new job before my wife's severance runs out.
What I wish I knew
"How long it'll take to find a new job with a similar pay range"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider your employment situation and emergency fund before taking out a Home Equity Line or refinancing for cash"
Regret Index
6/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
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Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
8%
of Finance decisions land in the regret band the same as this one.
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