
12-10-2008, 07:00 AM
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CC Member
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Join Date: Jul 2006
Location: Darnestown,
MD
Cobra Make, Engine: ERA 289FIA, 289 stroked to 331, 392 HP
Posts: 478
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Not Ranked
I had a ton of equity in my house when I bought the cobra, so rather than tie up a bunch of cash in the car, I pulled a 2nd @ 5.5% for it. Also pulled some to completely reform the kitchen and some other parts of the house. Because it was a home loan the interest was fully deductible. Didn't make sense to do it any other way. Sold the house last year and paid off the loan. Still had a ton of equity to take away. It's only money and you can't take it with you!
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