It's the perfect analogy. Ok, you buy that expensive car. Now how are you making payments on the equity you took from your home to fund that car? Remember, you're already in the red every month. So where are you getting that extra loan payment from?
It's the perfect analogy. Ok, you buy that expensive car. Now how are you making payments on the equity you took from your home to fund that car? Remember, you're already in the red every month. So where are you getting that extra loan payment from?
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