Posted on July 19, 2011.
We Own Our House fully-No mortgage value approx $ 550k.We are thinking That we like to withdraw early to beach.Currently We Found Near the nice homes in Land With That area for $ 175k.Is it better to get a home equity pour la full cost of the Beach home more than Any Other small flow (approx $ 75k and has 2 busses timeshare) Gold continues to pay debits are The Individual and add a Mortgage for the Beach House?
Lizeth Hinsley says...
I am a mtg broker. I would do a fixed HELOC and combine all your debt into it. If you pay all your debt separate, you are paying interest on the cars, credit cards, etc which are NOT tax deductible. Your mtg debt is.
Congrats on having your home free and clear!
Posted on July 22, 2011
