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.




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