Home equity line to redo a bathroom and floors
I have about $100K of equity in my condo and desperately need to redo 1 of 2 bathrooms and the floors. The place is about 1800 square feet. I've got my mortgage and a small federal student loan but no other debt and just enough savings to cover about 6 months of my expenses. Getting my finances squared away and managed is helping me think about getting other things in order like updating my condo! Home equity line rates are good and it seems like a good time. The project will cost me between $10-15K. Is this a good idea?