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Is it a good idea to get a loan from the equity of your house to invest in mutual funds?
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nystockpicker 3:12 am on December 25, 2009
I wouldn’t do it. You are risking the equity that you have built in your house. Also, you would need to generate a high rate of return just to pay for the interest on that loan. High Return = High Risk!
canukinsocal 3:12 am on December 25, 2009
If you think that a mutual fund will rise a greater percentage than the value of your home, then yes, of course. But, I don’t know your personal financial picture, so its not that easy.
chartleyinvest 3:12 am on December 25, 2009
If you can make 3% more than the interest rate.
Frank Castle 3:12 am on December 25, 2009
I wonder if you have more than one house and also if you make enough money to pay for the loan in case you lose money with your mutual funds investments? Perhaps we should discuss your case privately. Drop me a line.
howardrourke 3:12 am on December 25, 2009
No. It is a bad idea!!!