You shouldn’t have taken money from a source that didn’t actually HAVE the money. Your house isn’t a money tender and you shouldn’t have used it like one. Taking a personal loan for ANOTHER PERSON is a terrible idea. It’s all through the book of Proverbs how lending for another will get YOU stuck in debt.
Our house most certainly was a 'money tender' and it served its purpose well. Millions of people refinance or utilize a home equity line for things as unimportant as a new boat, a swimming pool or a kitchen remodel.
And, taking a loan 'for another person' is not terrible if it is for your child's education that will benefit them their entire lives.
You shouldn’t have taken money from a source that didn’t actually HAVE the money. Your house isn’t a money tender and you shouldn’t have used it like one. Taking a personal loan for ANOTHER PERSON is a terrible idea. It’s all through the book of Proverbs how lending for another will get YOU stuck in debt.
Our house most certainly was a 'money tender' and it served its purpose well. Millions of people refinance or utilize a home equity line for things as unimportant as a new boat, a swimming pool or a kitchen remodel.
And, taking a loan 'for another person' is not terrible if it is for your child's education that will benefit them their entire lives.