Emergency Income

in the event that you lose your job

If you were to lose your job on Monday, what income would you have to pay your current housing and living expenses?

True!, you would be entitled to unemployment benefits. And you may be able to find part-time work to hold you over. But expenses do occur that may exceed your unemployment benefits.

Your primary concern is to make sure you make the mortgage payment and pay for basic necessities.

If you own a home, you might consider getting a home equity line of credit NOW while you are employed.

Most lenders will only approve a home equity line of credit for applicants that are fully employed

The line can sit idle until the day you need it to help supplement your income. And if you are fortunate to remain employed, then use your line to pay down your mortgage FAST!

Visit our home equity site for information:

View our article:
apply for equity line while times are good