Ultimate Finance Knowhow

JoeB asked:


I’m looking to do some major rennovations on my house and figuring out the best way to finance it has been racking my brain. I just can’t figure out the pros cons between refinancing, 2nd mortgages, home equity line of credits, etc.

A little background on the house, It is located in North NJ in a very high demand area. I bought the house over 6 years ago for $215k, it’s currently valued around $380k. Our current Mortgage is around $175k. I estimate my renovation to cost around $200k-$250k. We plan to be in this house for a long time. We’re looking to add a 2 car garage, extending the living room, redoing the kitchen and adding a master bedroom.

any advice on what direction I should head in and pifalls to look out for would be greatly appreciated.

Elise

Ali R asked:


I want to work in investment banking/ finance after college, and was wondering if Computer Science would be a good quantitative major for an undergraduate degree.

Ultimately, I want to get an MBA right after or at least a Masters of Finance degree before I start working.

Myron