07-27-2005, 03:32 AM
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 Re: Need help please...possibly no cost loan? "kblitz9[at]yahoo.com" <kblitz9[at]yahoo.com> wrote: - quote - > I have 36k in CC debt paying obscene finance charges.
Call a BANK.> I also have 17k in a car loan > I own a condo and want to take out some sort of home equity > loan to pay off these debts. > I have excellent credit. > I am selling my condo in about a year where I will profit at > least 125k. So I am able to payoff this loan on the sale. > I was told a no cost loan would be ideal. There are not > upfront costs. > Yes, I will be paying slightly more per month because of a > higher interest rate...but i will only be holding onto my > condo for 1 more year so the savings up a couple grand > upfront seems logical. > Any suggestions are greatly appreciated as well as opinions > on a no cost loan. > thank you. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
07-27-2005, 02:16 AM
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| Need help please...possibly no cost loan? I have 36k in CC debt paying obscene finance charges. I also have 17k in a car loan I own a condo and want to take out some sort of home equity loan to pay off these debts. I have excellent credit. I am selling my condo in about a year where I will profit at least 125k. So I am able to payoff this loan on the sale. I was told a no cost loan would be ideal. There are not upfront costs. Yes, I will be paying slightly more per month because of a higher interest rate...but i will only be holding onto my condo for 1 more year so the savings up a couple grand upfront seems logical. Any suggestions are greatly appreciated as well as opinions on a no cost loan. thank you. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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| cost, loan, pleasepossibly |
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