ICEMAN's Oldest Son is a Natural!!

[dnhoffman]

So it's right at about 100k...?

I'm thinking the bank will not lend me this in a home improvement loan... which is too bad, I have the space in my basement

[Mudpuppy]

So it's right at about 100k...?

I'm thinking the bank will not lend me this in a home improvement loan... which is too bad, I have the space in my basement

Don't tell them specifically what it is for - just get a home improvement loan. For all they know you are finishing your basement or doing upgrades. It's really not an issue of what you are doing it is an issue if you have that much equity in your house. If you do you could get $1,000,000 loan, put it all on black at the casino, lose it and the bank could care less as long as you make the monthly payments.

[MICHAEL]

Don't tell them specifically what it is for - just get a home improvement loan. For all they know you are finishing your basement or doing upgrades. It's really not an issue of what you are doing it is an issue if you have that much equity in your house. If you do you could get $1,000,000 loan, put it all on black at the casino, lose it and the bank could care less as long as you make the monthly payments.

Mike, my oldest will probably pay cash for the lanes! He was a business major and boy does he know business! He has a GREAT job, and almost has his 500,000 home paid for! So the loan on his new home will be very low, after investing the equity from his current home back into the new one.

[Mudpuppy]

Mike, my oldest will probably pay cash for the lanes! He was a business major and boy does he know business! He has a GREAT job, and almost has his 500,000 home paid for! So the loan on his new home will be very low, after investing the equity from his current home back into the new one.

No I was more talking to Dhoff not about your son.