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Originally Posted by NY_Skinsfan
canthetuna,
I have a question about loans. My wife and I are expecting our second child in July. My wife works in a school so she wants to take at least five months off which would be through next January (summer not included). What I am looking for is a loan that will give us enough cash to get us through January so I can pay all our bills regularly and then when my wife goes back to work we can start paying the loan off then. Is there anything out there that will fit our needs.
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Im assuming you're talking abouit a re-financing loan? It would depend on the equity you have in your home, and how much of that you want to take out. I wouldnt ever take out more than 60%, but thats just my opinion. There are delay payment loans available, however ive never seen one go past ninety days. I'll call my wife when i get a chance and double check, but shes in meetings until 3.
Congratulations on the baby, & best of luck to you.