Plus loans vs home equity/mortgage loans

mazewanderer
Sun, 25 Apr 2010 12:34:30 +0000

I did not know that Plus loans were deductible in taxes, for if they are one advantage of Home equity goes away.

Also, you can do both, take a small home equity loan and a Plus loan, so you still preserve the equity in case you need it and get lower interest rates. The downside is they may not give an increase in the home equity loan when you most need it.