I own a rental home out right (no mortgage on it). With rates being low I was thinking of pulling a small loan against it (about $25K). I would use this money to pay off high interest car payment and reinvest in anther rental property. I figured, I could at least write the interest off with taxes. Is this an option to pull a loan on an investment property?
florida mortgage rates
Home equity in Florida is as prevalent as the hurricanes, but unlike hurricanes home equity is good! 23 Vote(s) Mon, 20 Feb 2012 04:49:00 CST more info…
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