Should I take out a home equity loan or 2nd mortgage to pay off my car?

Home Mortgage 5 Comments »
sjbe1 asked:


My lease is up in May. I want to buy the vehicle and be able to take the interest paid on the loan off my taxes. I would be financing approx. $7500.00.

Yolanda

If someone dies and they were the only one on a 2nd home mortgage, will going in default ruin spouses credit?

Credit 6 Comments »
home mortgage
jenbrown73 asked:


My friend’s Mom past away and she was the owner (alone) of my friend’s home. Now she can’t afford the mortgage and is moving. Will the father be responsible & will it effect his credit if the loan goes into default, even if he did not sign for the home? He can’t afford it either, the family has huge medical bills.

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