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yuanyuanlu
[求助]LD这样想对吗?(关于home equity line)
2215
8
2006-09-05 23:17:00
home equity line is basically a checking account. We play around with it a lot.For example, when we bought a new car, we paid full with home equity line to avoid high rate car loan. The best car loan rate for us is 7.99% (although our credit scores are both 740+) and not tax deductible. Our home equity line's rate is lower than 8% and tax deductible, so why not use it?
以下是引用baobao.beibei在2006-8-31 22:58:00的发言:
I have a similar question on home equity line. I don't think the article answers the question. The question is not whether or not to open a home equity line. The question is, after open a home equity line, should we put all the cash we have in the home equity line to avoid paying the high interest as much as possible? Anyone did that? We have not done it yet. I just thought it was not as fast/convenient as the regular checking/saving account.
I have a similar question on home equity line. I don't think the article answers the question. The question is not whether or not to open a home equity line. The question is, after open a home equity line, should we put all the cash we have in the home equity line to avoid paying the high interest as much as possible? Anyone did that? We have not done it yet. I just thought it was not as fast/convenient as the regular checking/saving account.
of course, if you have extra cash, pay off home equity line first. Unless you are sure you can have something better return than prime rate, right now is about 8%.
We don't have extra cash, so we have to play around our home equity line
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