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Wiley...I wonder if a Backdraft Cobra has any loan value, where one could say that the "market value" is say $45K and then be able to draw 60, 70, or maybe 80% to put forward to your home purchase, and then build into the home loan package a short term second, that would repay the Cobra loan in 5 years...you keep your car & you get your house. Obviously, the lender would be the beneficiary of the insurance on the asset.
I know that one can build a pool using this method. Just a thought.
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FFR Daytona, 2010 Corvette ZR1, '12 F-250 Turbo-diesel,
"Always do right. This will gratify some people and astonish the rest!" Mark Twain
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