Posted on: 09th Nov, 2010 08:16 am
I'm trying to find out what will be different in the future regarding filing taxes, taking out a 2nd, anything I'm not aware of to ask!? I'm leary because the mortgage has serviced me well in my lifetime. The installment loan is only 1 point lower. I'm going from 5.5% to 4.5% for 12 years. I want to be paid off when I'm 65. Thanks for your help!
Stephanie
Stephanie
stephanie, i'm not sure i can answer you. you speak of taking a second mortgage but it appears you're replacing the first mortgage. rates being what they are, you ought to be able to do better than 4.5% for a short term such as 12 years (or 10 or 15, which most lenders will do).
tax questions are always best asked of a qualified tax advisor. i'm not one, though i have some knowledge (a little knowledge is always dangerous).
i think i'd be leery also....you're not saving enough on this potential deal.
tax questions are always best asked of a qualified tax advisor. i'm not one, though i have some knowledge (a little knowledge is always dangerous).
i think i'd be leery also....you're not saving enough on this potential deal.