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Old 12-19-2002, 01:19 PM
KAC KAC is offline
 
Join Date: Nov 2002
Location: Virginia
Posts: 88
KAC is off the scale
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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Texas Red:
Take out a home equity loan to pay off the H2. Interest rate for the equity loan should be about the same and the interest in most cases is tax deductible.
<HR></BLOCKQUOTE>

Another option is to do a refinance with a cash out option. The interest rate is lower than I could have gotten for a car loan plus it's tax deductible. And, if you increase your payments to 'pay off' the truck in 5 years, you get the added bonus of paying off your mortgage early. So, after a refinance, I'm paying the same I was paying for my house payment and MDX, knocked 5 years off the original loan and, can knock another 3 1/2 yrs off the mortgage. All of this made the H2 a bargain! And, I have the title.

Kim

KAC
'03 Red Adv Series
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KAC
\'03 Red Adv Series
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