Megan
Region: US
Tuesday 16 June 2026 15:32:34 GMT
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JessLabun :
Opinion is still the same. Never borrow against your house. You don’t know what economy will do in the future and it’s never a good idea to borrow against your house if we have a crash of some sorts again, your house will not be worth nearly what it’s worth now. I’m in RE and trust me I see people in hot water who have borrowed against their house at some point.
2026-06-16 15:55:30
114
L.Ann :
My ONLY concern, I'm a Bank Manager for reference, is that HELOCs can very easily become a slippery slope if you're not careful. I see so many people pay the interest only payment and then keep refinancing them for larger lines to consolidate more debt, but never pay them down/off. I am not saying this will be your situation, but be cautious as they can be a pit.
2026-06-16 15:38:43
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𝑅 :
sooo many people talking about that vera hart archetype quiz its crazy, lol. Tried it myself and the results have been overwhelmingly promising.
2026-06-17 07:13:52
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𝘔𝘦𝘭𝘪𝘴𝘴𝘢 𝘙𝘦𝘯𝘦 :
Why not a cash out refinance
2026-06-23 15:40:32
2
ouch :
I would not take out a loan against your home. I just wouldn’t.
2026-06-16 15:40:33
39
Allison Kate :
Nope. Dont tie all this to your house.
2026-06-16 16:35:04
42
Jennyfromthehood83 :
HELOCs have closing costs and is revolving debt back on your credit bureau, whereas 401(k) loans are loans to yourself and do not appear on your credit bureau.
2026-06-16 21:29:12
9
Heather :
I have both lol, do not recommend doing either
2026-06-23 19:07:16
3
Nikki 🏠 :
Absolutely not. 401 loans are still low risk and really not that big of a deal, worry about paying off other things, if everything else is paid off then increase your contribution.
2026-06-16 18:01:28
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Sar_rah_rah :
Heloc shows on credit, 401k loans don’t - that and the not giving someone else my interest money is enough for me
2026-06-17 22:46:51
8
❀reena❀ :
for me helocs and 401k loans are both nonos. Pay that 401k back expeditiously
2026-06-16 20:54:02
10
Emily :
Opinion is still the same. Save and pay off. I really feel like it's a learning experience.
2026-06-16 15:43:39
35
RobertFrankfurthhh :
19k at 11% is only 2k a year , the 9% on the loan will cost you $1700 a year or so. 11% return is not guaranteed it could easily net out or go less than the interest on the loan. As they say on Shark Tank .. And for that reason i’m out 😂
2026-06-17 04:54:05
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yeahyeahyeah :
if you lose your job that loan is due immediately
2026-06-18 20:40:18
4
Amanda Chelsss 💕 :
No, no, no. Don’t do the heloc. Don’t ever take from your house.
2026-06-17 02:01:58
10
Crystal whitlock :
we took out a heloc and honestly I wish we not have. I understand where you are coming from in fact it was the same,did the heloc wish we didn't. good luck!
2026-06-16 16:19:23
12
SoonToBeASlimShorty :
Don’t borrow another loan on your house esp with an income that is inconsistent…it truly isn’t a good idea
2026-06-16 20:44:36
10
Rochell :
Absolutely not never borrow
2026-06-18 08:34:12
2
callanganim :
11% is not guaranteed though. That could be -11% tomorrow
2026-06-19 01:48:31
2
mimioftheboys :
Very bad idea!
2026-06-16 23:14:38
1
Nicky Nic Nick :
Run the numbers, but after loan fees, probably not really worth it. Just put the extra money the loan will cost each month to paying the 401k loan off early.
2026-06-17 03:28:30
2
Jamie Lynn🩷🎀 :
As a Realtor, do the HELOC.
2026-06-17 01:16:48
3
susanesquivias :
HELOCS can be a dangerous decision. I would be very cautious. It looks like a life saver but often becomes an insurmountable bill.
2026-06-16 19:32:19
3
user4400756318365 :
So aren’t you making 9% in paying it back? The only reason I’d move the debt to a heloc is because this loan is tied to his job.
2026-06-19 12:49:01
2
chris :
that doesn't make sense you are paying yourself back no matter what so why would you take out A HELOC
2026-06-17 20:07:02
2
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