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I will look into this, thank you very much. I'm not well versed in finance, etc. so this will be a good real-world crash course :P
by scaredhacker 11y ago
I will look into this, thank you very much.
I'm not well versed in finance, etc. so this will be a good real-world crash course :P
- ChuckMcM 11y agoA home equity loan is exactly what people usually do. Depending on your credit rating you might be able to get a line of credit on the home which works something like an "on demand" loan. But this is very important, if you get a loan secured by equity in your house, you can lose your house if you don't pay it back. So check the loan terms carefully. Given that professional painters will generally paint the place for much less than $10,000 you should be able to do this. Also you should be able to talk to the city and show them proof that you're in the process of getting the house painted and they should be willing to give you extra time. Welcome to adulthood, parts of it really suck.
- scaredhacker 11y agoThanks for the straight talk Chuck. The equity option may be good for me, especially since I probably wouldn't have to borrow too much.
- jnbiche 11y ago> professional painters will generally paint the place for much less than $10,000 you should be able to do this Unfortunately, lead paint remediation will almost certainly cost more than $10,000 unless it's a tiny house. You can find unlicensed operations that will charge less, but then you risk the very large fines for hiring an unlicensed operation for hazardous lead paint remediation. I wouldn't risk it since the city is already looking into the situation. But I do agree that you should be able to get an extension if you can show a good faith effort at addressing the problem, unless your city health department is totally unreasonable (always possible, I suppose).