You are considering building a new deck on your home,what factors should you consider when deciding whether to borrow the money or take the money out of your savings account?

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When deciding whether to borrow money or take money out of your savings account to build a deck, it is important to consider the after-tax return on your savings and the after-tax APR on your loan. This will help you determine whether it is more cost-effective to use your savings or take out a loan. Additionally, you should consider the impact that withdrawing money from your savings will have on your liquidity, as this could affect your ability to deal with unforeseen expenses in the future. Therefore, both options (using savings or taking out a loan) should be evaluated based on the above factors before making a decision.

You Are Considering Building a New Deck on Your Home,what