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Unread 01-16-2020, 08:38 AM   #17
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Quote:
Originally Posted by Dean Romig View Post
Pull some cash out of one of your life insurance policies, especially if nobody holds a mortgage on your home.






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Thats the last way I'd finance a gun. If you take it that way your subject to a loan rate of around 8% and it snowballs every year if at least the interest isn't paid. At the very least the tax free death benefit for your family is reduced by the amount of the loan or the cash withdrawal. This could also effect your premium payments. Your much better off doing a home equity loan and in most cases that interest is tax deductible.
Another option is the 0% offer credit cards will give good customers. For a small fee of 4% or so I can take a cash advance interest free for up to 18 months in some cases. I did this to help with a BHE straight grip 32 inch 20 a couple of years ago and on the recent AHE 20.
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