Be Perpared to Pay if you want to Play
Just went to the Credit Union today to see about a loan for a used and possibly a new 5th wheel. Well, well, well, what a eye opener! If I get a 60-month loan for $38,000 on a used unit at 4.01% the...
Forum Discussion
Chuck .. wrote:
Also, the Credit Union said it is a clever idea to get a loan or loans before retirement because if your income drops, you just might not qualify for the amount you requested.
Just got the house paid off this February and away we go again!
Actually, the credit union's idea could be the answer for some at or near retirement age. Let's say you've recently paid off your mortgage which would put say $700.00 (current national avg is approx 1K) back into your discretionary funds. Save that money for at least 1/2 yr adding more to the down pymt on the RV loan thus lowering the payments and/or terms. Could be the best of all worlds: you use more of your money, finance and still have your new toy.
