All,
Could someone please educate me about the difference between bank mortgage rate and CD interest rate so that i can make an educated move on the money?
Example: IF i take out an home equity loan for $100,000.00 at 6% and also, at the same time put $100,000.00 (suppose inheritance money) in a CD bank account at the interest rate at 6%. Where will i be in three (3) years Assuming that home equity loan is all "tax right-off".
Please, advice.
why? i like to keep a hold of my money and use 100k loan to do business....
again please help... am i better off just use my money or not??
enuff
Could someone please educate me about the difference between bank mortgage rate and CD interest rate so that i can make an educated move on the money?
Example: IF i take out an home equity loan for $100,000.00 at 6% and also, at the same time put $100,000.00 (suppose inheritance money) in a CD bank account at the interest rate at 6%. Where will i be in three (3) years Assuming that home equity loan is all "tax right-off".
Please, advice.
why? i like to keep a hold of my money and use 100k loan to do business....
again please help... am i better off just use my money or not??
enuff