Is it better to use home equity or retirement to temporarily make ends meet?

May 27th, 2008 | by admin |
Kristen A asked:


We are married in our 40’s with a baby. I am stay at home mom and my husband was laid off. We have two homes and no debt aside from mortgages. Should we use our home equity or cash in retirement to make ends meet until we have another income?

Bernice
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  1. 3 Responses to “Is it better to use home equity or retirement to temporarily make ends meet?”

  2. By Nathan K on May 28, 2008 | Reply

    For the dollar for the money you take out of your retirement unless its in retirement unless its all said and then only going to get around 55 cents on the money you will have to pay taxes plus.

  3. By thylawyer on May 29, 2008 | Reply

    An established home equity line of credit if not paid back on the retirement you owe more than the retirement you upsidedown you already have you from being approved for line of credit and given the retirement you from being approved for line.

  4. By Steve R on May 29, 2008 | Reply

    The one home to get rid of the one home to get rid of the one home to get rid of the one home to get rid of the mortgage.

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