How to Profit From Low Interest RAtes

replacing student loans and installment loans with deductible home equity debt, either by tapping a credit line or using cash from a refinanced mortgage.

McBride offers one caution: “You might replace such loans with a home equity loan or larger home mortgage, but if you refinance a mortgage to pay off other types of loans, keep the home mortgage to no more than 80% of the home’s value. If you go over the 80% mark, you’ll have to pay for private mortgage insurance, which is expensive.”

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