i just bought a designer home and also surprised at the interest rate, very high - high 6% range. Debating should I take a low interest home equity loan and pay off over 10 years, or should I take money out of the bank and pay it off, or just leave it alone, it's that interest payment that kills me and not being able to deduct it off the taxes, as I understand you can't take a deduction from what I've read and talked to an attorney.
__________________
Take a risk and live each day as if it were your last!
|