Of course, all that tax-deduction consideration stuff only applies if you have enough income that you'er PAYING taxes. :/
On a more practical note, my main considerations as far as borrowing goes would be the terms of the loan. Things like interest rate, loan fees, length of loan, and prepayment penalty (if any). If your payments on a $29,000 loan would amount to only $400 a month, you're either getting a very long-term loan, or you're getting an awesome interest rate. :)
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timeasmymeasure
Re: Wow.
Date: 2002-08-23 08:15 pm (UTC)On a more practical note, my main considerations as far as borrowing goes would be the terms of the loan. Things like interest rate, loan fees, length of loan, and prepayment penalty (if any). If your payments on a $29,000 loan would amount to only $400 a month, you're either getting a very long-term loan, or you're getting an awesome interest rate. :)