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re: Would you carry a mortgage if you didn't have to?
Posted on 6/5/18 at 1:09 pm to Ace Midnight
Posted on 6/5/18 at 1:09 pm to Ace Midnight
I like HELOC.
You only pay interest on what you need at that moment (great for new construction).
As you pay it down, you have a great resource to dip into if needed (i.e. you won't ever have to ask about taking funds from a roth).
In order to take advantage of a down market, you need funds not in the market to do the buying. That is where the HELOC is golden. Imagine having $150,000 back in 2008 to invest after the crash. HELOC
You only pay interest on what you need at that moment (great for new construction).
As you pay it down, you have a great resource to dip into if needed (i.e. you won't ever have to ask about taking funds from a roth).
In order to take advantage of a down market, you need funds not in the market to do the buying. That is where the HELOC is golden. Imagine having $150,000 back in 2008 to invest after the crash. HELOC
Posted on 6/5/18 at 1:19 pm to meansonny
quote:
Imagine having $150,000 back in 2008 to invest after the crash. HELOC
or
Imagine having the balls to borrow 150K in 2008 after the market crash, and not knowing what direction it was going, and investing in the market
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