No more financing options

Credit card financing

As this is our first house, we have no equity yet, so we do not qualify for a home equity loan for the repairs. Instead, we have maxed-out two credit cards at a total of $16,000. With our credit limit reached, we have no more financing available for big projects.

We have decided to use our limited cash flow to:

  1. work on small projects ourselves
  2. save up for emergencies, and
  3. pay down our recovery debt over the next decade.