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2

You say you have 90k in assets. I would tap most of these to pay down the loan, saving 3 months for living expenses. Some ideas: A 401k loan (up to 50% of the value of the plan) would save you 6.5% on the amount, which is a risk-free tax-free return that you probably won't get in the market. Caveat to this: if you lose your job you will need to pay this ...


6

Recourse A "recourse" loan is one in which the creditor can go after you personally for the balance. For instance first mortages are generally non-recourse loans, after the lender takes the house, they cannot pursue the borrower for the rest of the money. Student loans are the ultimate recourse loan not written by actual mafia, because student loans ...


46

The student loans are gone, all lenders see is a 2nd mortgage. Since the mortgage is secured by the home you'd likely have a hard time getting a better rate on an unsecured loan, but it doesn't hurt to go chat with some lenders and see what options exist. I imagine the best chance for a lower rate would be a re-finance on the first mortgage (assuming there'...


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