Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
babock wrote:
Financing a depreciating asset with your home is just a bad idea.
If you own your home or have a huge amount of equity then why not?
Saving money while financing is the OP's main goal. I would think that if you can save 1-2% on a 10 year loan that that would be beneficial.
5.49% vs 3.49% saves $2,394 over 120 months. Depending on added fees for a home equity loan the OP could save $1,000's.
