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Financial Planning / Tax Strategies


Subject:  Equity line / RE Taxes Date:  7/9/2004  4:22 PM
Author:  drclark78 Number:  72477 of 132137

I was considering paying down the equity loan I have on my home (rate is tied to prime) with the money I would normally be setting aside for RE taxes. My thinking was that since you can't earn any significant interest in a savings account it would be better to pay down the equity loan. I would then pull out the necessary funds from the equity line to pay the RE taxes. Does that sounds "foolish"?

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