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re: Would you carry a mortgage if you didn't have to?

Posted on 6/5/18 at 1:19 pm to
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17276 posts
Posted on 6/5/18 at 1:19 pm to
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
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 6/5/18 at 2:59 pm to
quote:

Imagine having $150,000 back in 2008 to invest after the crash. HELOC



quote:

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




Yep. Or Imagine losing your job and the HELOC gets called when the credit markets froze up. Course, maybe the Magic 8 ball would predict all of that too.

Borrow against your home to invest in the stock market =

As for the OP, I like his idea of going with a 15 year and paying it off in 5+/- years - mainly because he’s looking to retire within that time frame. Yeah, I wouldn’t pull from the retirement funds either, in his case.
This post was edited on 6/5/18 at 3:00 pm
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