Should home equity be tapped for car loan?
Home Equity July 4th, 2008Q: I’m a retired widow who will be returning to work full time this summer.
My problem is I don’t have transportation. I want to finance a new car by obtaining a home equity loan. My home is free and clear and valued at $95,000. I don’t like making debt, but it seems to me that now is a good time to do so.
Do you have any information on the best lenders for this type of loan?
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