Mortgage Loan Payment Plus Home Equity Loan Equals New Car
July 29th, 2010 . by adminLast year, my Toyota Corolla finally died. I had over two hundred thousand miles on it, so I knew its time was coming to an end. I needed a replacement car and was seriously considering getting an inexpensive runner to help me get by for a while. Then, a friend told me that I could apply for a home equity loan for a new vehicle. I could get a newer Toyota! Maybe I’d even get a Camry this time. She told me that in addition to my monthly mortgage loan payment, I would pay an installment for the home equity loan, which went toward the car. When I buy my next Toyota, I’ll be set for years to come.
