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Old 10-13-2017, 09:28 PM   #20
franken
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Join Date: Jun 2013
Location: Somewhere
Posts: 3,055
Re: How have you paid for your shop?

Don't borrow on a 401k.
Be aware that putting a 2nd lien on the house means that fail to pay, and they take the house. Most laugh and say they'll pay but it happens. Do you want to roll the dice w/ that 150k in equity?

With the OP's debt situation, I'll guess they have stellar credit (~800) and banks would love to make an unsecured loan at a somewhat higher rate.
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