Financial Information
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#2 written by Mureen 1 year ago
Hello I am Mrs Mureen Johnson I am from Texas some years back I fall into a debt and needed some one to bail me out, I went to my bank but the interest rate was too much for me, as God will have it I told my friend about it and he introduce me to a private loan lender, who agree to give me a loan at a very low interest rate of 4% which I agree, thank God today my financial life Has change.ThankS to OCEAN FINANCE & MORTGAGES,please if you need a loan in a very low interest rate please contact OCEAN FINANCE & MORTGAGES with the following email address below
Email:oceanloan102@hotmail.com. -
#3 written by axaroth 1 year ago
Not having a car payment is always nice.
Another thing to consider is that you can write off mortgage interest but not car loan interest. So you’d be better to have more loan on your house and less loan on your car, if you see what I mean.
Bandit makes a good point, though. Equity in your home gives you power, so you want to be careful not to remove too much of that equity.
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#4 written by Bandit 1 year ago
refi, buy don’t take money for the car. Doing that finances the car for a much longer period than if you finance the car itself. Also, it might be a point that you would want to dump the car ?
I agree cash is king for purchasing and making the best use of money, but not with long term financing. Lower the house payment to as low as you can on a fixed rate and keep the equity in the house. During downturns, there will still be equity and borrowing power. Get underwater and all your options are lost.
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