Not saying it will happen, but they could raise it to 90% of second year pay. But I’ve heard we are getting ALOT more applicants now that probably won’t happen.

 

A lot of people do it, but try to avoid making a career decision based on one year. Ask yourself which place will be best for you 10/20/30 years from now and go there.

 

If you do. Look at the last year of your employment at retirement. Not the first.

 

Like all the others said:
10 years from now you would be making $20K a month, but you want $20K now.

 

The mortgage isn’t going to pay itself folks, and the kids aren’t finding food in the woods either. $20k in the first year is a huge difference for some people. I’ve been furloughed, downgraded, and have seen my savings go to zero three times in my career; we all aren’t fortunate enough to be in a position of great financial health when making a move.

 

I totally understand, sofar I have only left my first company voluntarily, avoided downgrade at 2 by a few months, and went back to the right seat until the furlough & shutdown at 3. I am on number 4, hopefully the last...
Hope you find a way to make it happen, once past first year it definitely gets better.

 

Is a HELOC not an option for 12 months?

 

RE: HELOC. I think the poster might be coming from the perspective minimizing risk and hardship for his family. Instead of putting them into more debt maybe he could pick up some trips or earn some more money another way instead of further leveraging the home where his family sleeps. Just my opinion, of course.

-Pick up trips
-Uber while home
-Deliver Pizzas
-Cut the Cable
-TEMPORARILY give the household a budgetary haircut.

Just saying... If you have no emergency fund, car payments (300?, 500?, 1200?) every month, a few hundred in cell phones, and 200 in a cable tv bill, more debt is the last thing someone needs. Even though it's fairly predictable, a lot of things have to happen from the time you're given a class date and you're walking out of a successful probie PC.

Not that the above refers to the OP at all. For the OP, I think you have gun for Frontier. Your QOL, earnings, and flexibility would all be very very high at Frontier.

 

Never heard of/considered a HELOC.
I’ve been a pretty crummy position the last two years and am finally barely crawling out. Left a good paying job with a horrible schedule and no future for a “direct entry captain” job at a regional that turned out to be too good to be true. Ended up sitting for over nine months in training waiting while being paid $1,900/month. Blew all our savings, then got downgraded as soon as consolidation was done due to FO attrition. Went to another regional, sat for six months waiting on sims, making $2,500/month. Sold my truck. Sold furniture. Drove Lyft for six months. Kept the house at 65 degrees in the winter, wife hated me.
I’ve been through it. I’d love the opportunity to interview at F9 and really do think it might be a great fit for my family, just saying that first year is going to be ROUGH on us, and I’ve put my wife through a lot, including no Christmas presents this year, and we haven’t been out to eat together in over a year.

 

That sucks man. So a heloc is essentially you borrowing money from the equity in your house.

So let's say you need 20k extra to make it work for the first year at f9 and after that you're gold. Well you take a heloc of 20k which essentially means a secured loan and the security is 20k equity in your house.

You use that money as you would a bank account, and it has low interest, because it's secured (has collateral). Then when you hit second year pay you start paying it all off and be free!