Jul 24, 2014
10:09:42pm
10:09:42pm
I read he's swapping home equity for debt
He can still get a loan to buy another house to get a mortgage deduction and have more cash flow too.
Another approach may be to get an interest only heloc on the current home to pay off the higher internet student loan. Then he can keep the house, cut the interest on the student loan and get a bigger interest deduction. If he can qualify for a heloc that may be a better solution.
Another approach may be to get an interest only heloc on the current home to pay off the higher internet student loan. Then he can keep the house, cut the interest on the student loan and get a bigger interest deduction. If he can qualify for a heloc that may be a better solution.
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