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#1
September 14th 05, 11:44 PM
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home equity loan or refianance to buy airplane?
Read in one of the monthly magazine rags about getting a home equity loan or
refinancing your house and getting cash out to pay for an airplane. Has anyone actually done this and if so, is this a better option than just getting a straight aircraft loan. I'm being quoted 6.75% right now for a 20 year fixed for the amount I want to borrow for a plane. Refianance companies have said I could get under 6% if I roll it into my home loan. Any advice would be great. Thanks. 
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