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If you own a home with equity, a 2nd mortgage would be better since the interest can be a deduction on your taxes. If you have no equity--in other words you mortgaged 100% of the property's worth, it does not mean you can't do an equity loan but the interest won't be deductable. If you don't own any real estate, then any loan with the lowest interest would best suit your needs.

2006-08-01 19:19:14
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Q: What is the best kind of loan to get if you want to borrow 12000 and pay it off over 60 months and you have a credit score of 661?
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