Showing posts with label home equity loan account 2008. Show all posts
Showing posts with label home equity loan account 2008. Show all posts

Saturday, November 10, 2018

Value of home equity loan account

Nov. 10, 2018

Introduction


It is time for me to write down my home equity loan account I had from 2008 to 2017.  I like to write down my account information, just push myself to be more efficient person. I found a few paper copy of statements, I like to use those statements to tell the story. Do not panic, work with low interest rate from 4% in 2008 to 2% from 2010 to 2017, and also get organized, save each statement on github private repository. If I were smart back in 2010 and 2011, I can use the fund to purchase a home in the city of Surrey.

My home equity loan account



It is the first time I like to show some information about my home equity loan account. I like to remove some sensitive information.

Understand interest rate before recession


It is most important to understand the interest rate, 4% is high interest rate. It is the interest rate before recession in 2009. I got the low interest rate prime rate - 1% and then it is 2% for years after 2009.

4% interest rate - 2008




Actionable Items


It is most important for me to work on my people skills, I have learned people skills through church community. But I need to work on more carefully with my finance skills.