"John Doe" wrote in message
news:OQ0We.23172$8q.16954@lakeread01...
Read in one of the monthly magazine rags about getting a home equity loan
or refinancing your house and getting cash out to pay for an airplane.

Has anyone actually done this and if so, is this a better option than just
getting a straight aircraft loan.

I'm being quoted 6.75% right now for a 20 year fixed for the amount I want
to borrow for a plane. Refianance companies have said I could get under
6% if I roll it into my home loan.

Any advice would be great.

Thanks.

If you're looking at it from a purely financial standpoint, remember that
you can write off the interest paid on a home loan, whereas you can't on an
airplane loan. Depending on the term and rate, borrowing against the house
could significantly reduce the effective interest rate.

KB