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Re: How have you paid for your shop?
100%Chevy, normally I totally agree, but this has been pushed off for almost 5 years now, I'll be 37 soon and I can't work on my C10 and I'm sick of it. I'm also sick of having my cars repaired from hail damage. My wife's mustang has been damaged 3 times now. We've averaged at least one storm that causes damage every year the past 3 years, while they may be small storms that don't cause property damage, new cars metal is so thin the cars get damaged. Unfortunately concrete work has gone nuts the past few years and that alone may eat up my entire 10K. Ironically, out of all the hail storms we've had, none of our vehicles have been damaged driving or at work. Only at home :/
The only thing I'm not liking that I'm finding on the HELOC's is that most of them are adjustable rate. It looks like one of the few that *may* offer a fixed rate is Bank of American and that is who our loan is through.
I guess I'll have to talk to bank of america to see which is better for us, the HELOC or home equity loan? I do like the idea of being able to just add a couple grand more if I go over budget (like that never happens, right?)
Are those the only two viable options? It seems like everything else I look up (personal loans, etc) has a 7-8%+ interest rate?
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