MustangWorks.com : Ford Forums - View Single Post - WOOHOO! A good look at the new 2003 Cobra!!

302 LX Eric · 02-06-2002, 06:03 PM

Second mortgage? Heck, just refinance your current home (assuming a decent increase in FMV) with enough "cushion money" to cover the cost of the Cobra. As long as your home secures the note, then you take the deduction on your income taxes. Plus, right now, you can obtain some pretty good rates on a 15 or 30 year fixed mortgage.

I really, really like this car...

E

02-06-2002, 06:03 PM	#12
302 LX Eric or '331 LX Eric' Join Date: Jan 1999 Location: Columbus, Ohio Posts: 2,142	Second mortgage? Heck, just refinance your current home (assuming a decent increase in FMV) with enough "cushion money" to cover the cost of the Cobra. As long as your home secures the note, then you take the deduction on your income taxes. Plus, right now, you can obtain some pretty good rates on a 15 or 30 year fixed mortgage. I really, really like this car... E __________________ 1991 5.0 LX Coupe - 40,750 miles 331 cu. in. / Tremec 3550 / BFG Drag Radials 12.22 @ 114.31 mph - w/1.89 60'