You also have no monthly payments to make. Granted, amount you owe continues to grow larger over time but you also have more cash on hand to enhance quality of your current lifestyle. Look at it this way, you will now have all money you need (and want). After all, it’s your money. True, you won’t have full selling price of your home to leave your loved ones but if they’re financially sound in their own right, do they really need a substantial inheritance?

Furthermore with new found cash, you could re-invest into other income-generating streams such as stock and option trading. But that would be another story with its own pros and cons.

It all comes down to what’s important to you, what your current financial needs are and if leaving money to heirs is something you feel you need or want to do.

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If you have fair to good credit you should have no problem getting approved. If you have bad credit you can find lender who will work with people with poor credit. The downside is loan will cost you more as poor credit means greater risk for lender and therefore a higher interest rate to you.

Most car dealerships are also happy to arrange finance for you. First, you choose vehicle you want, test drive it and make decision to buy it. The majority of car dealerships are honest and will gladly help you find best rate of interest and save money on a car loan. However be sure to check out online lenders first be sure you are getting best deal from your auto dealer. Car Loan Finder