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HELOC or personal loan to buy my mom’s car?
HELOC or personal loan to buy my mom's car? Long story short, my mom needs me to buy her car so she can qualify for a state caretaker. Best loan option? ~$13K to buy the car. I own a mortgaged home I have some equity in (purchased $320K, $265K left w/2.875% rate). Looking at quotes online today for a personal loan, I'm a little taken aback by the rates (eg - 6.99% with a 3.99% origination...
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