Bertram31.com General Bulletin Board

Re: refinancing older 31's

Posted By: Capt. Dave Kosh
Date: Wednesday, 27 October 2004, at 11:30 a.m.

In Response To: Re: refinancing older 31's (DAVIDR)

Best way is to refinance your home as all the interest will be tax deductable and at a much lower rate. I would not recomend a second mortage or home equity loan as the rate is much higher but they are more flexable. The last route would be your finance companies etc. They are a tad away from being loan sharks so I would steer you away from that route. The tax break can be achieved as it has has a head and falls under the second home catagory but I'm not sure on the exact percentage you would achieve. Dave K

Messages In This Thread

refinancing older 31's
Tom Furlow -- Wednesday, 27 October 2004, at 7:16 a.m.

Re: refinancing older 31's
DAVIDR -- Wednesday, 27 October 2004, at 8:05 a.m.

Re: refinancing older 31's
Capt. Dave Kosh -- Wednesday, 27 October 2004, at 11:30 a.m.

Re: refinancing older 31's
Bill -- Wednesday, 27 October 2004, at 11:35 a.m.

Re: refinancing older 31's
Capt. Frank -- Wednesday, 27 October 2004, at 2:38 p.m.