Thanks to all of you! I have spent some time on the Class B. We have a lot to think about and will call on the members here to help with my research. You all are full of knowledge and I thank you.
If you own real estate, and are eligible for an equity loan, that will, in all likelihood, get you the very best interest rate. Something in the 3 to 4% range.
Yes. THis ^
I just paid off my RV with a home equity loan at 3.9% interest. MUCH much higher with the loan I got initially. If you have the opportunity to do this, that is your best bet.
Equity Loan. I thought I should let the members know my thoughts on using your Home Equity Loan.
I made a Vow to my wife to get our home paid off and to never use a line of credit against the home. I understand that it may not be considered normal not to use the equity in the home but times are hard and I must honor my commitment.
It is tempting but I just can not do it.
If able, when you pay your house off, Do your best to keep it free and clear.