I need some advice-
My husband and I want to build a 2nd home. We own some land free and clear and we would be using this home as a rental property. Our FICO stands at about 678 currently and we refi'd our home to pay off 30,000 of a 36,000 bill in combined cc debt. I have recently changed careers and am a self employed insurance agent, currently being paid by advances until my backend kicks in which won't be for another year and a half. My question is should I take out a 5,000.00 loan to secure the house price for a year that we want to build and gain some valuable upgrades; or should we wait until another year and a half for the BEnd to kick in? Any advice is appreciated-
inslady