Back to the CC offer. so, really, 8.xx% is not that bad of a deal. I think my car is at 6% and that's a secured loan. My house is incredible, 4.375. I won't monkey with that, me thinks.
But 8% money to buy a project with some potential for resale sounds like pretty good money to me. Of course, I could get a home based line of credit, but I haven't seen anything worth the effort lately. I let that window go by as I could have gotten some pretty good rates a couple of years ago. They float anyway, right? I'm thinking that the only mistake I made in recent times was not using home equity money for the car and locking in a rate at sub 5%. Not that much to worry about in the long run. I looked at the difference in the 4 year run and it was a couple hundred bucks for $20,000.
I'm not gonna get too excited by that. I could spend 200 at Pelican with a keystroke.
