He Like Me 0 Posted March 19, 2007 How did you go about obtaining yours? Did you go through a familiar source such as your personal bank. Did you simply shop around for the best rates? Ask friends/family? Share this post Link to post Share on other sites
Cdub100 3,906 Posted March 19, 2007 More importantly is the interest tax deductible? Share this post Link to post Share on other sites
Ravens 03 0 Posted March 19, 2007 One of the most competitive products that exist, so you should not have a problem getting a good deal. Ask family and friends which bank has shown them good service and see if they have a good product. You should be able to get one [around here at least] with -0- closing costs if you borrow like $25,000 at closing and keep it open for 3 years. GL [Go vote for me] More importantly is the interest tax deductible? Most normally yes. Main rule I think is to keep the total loan against your property at or below the value of the home. And the totals loans on your property can only be a certain number [normally way to high for people here]. So quick answer = Yes. Share this post Link to post Share on other sites
