mortgage refinancing to increase my investment portfolio?
I am in mid twenties and have a house that is fully paid up.
The rental income is around 5%/annum.
I read a few articles about stocks, and as we all know, this is the best time to invest in stocks.
As the return is always higher for stock and they are cheap nowadays.
Should I sell my house and go for it? Or refinance the house?
Or stay the same??
And of course, I am still optimistic about the stocks in long term.
Please advise.
never ever sell property. you can use it so many ways.
if you want to invest in the stock market, i would take out an home equity line of credit and buy the stock with that, and if you have chosen the right stock and are making money, you can pay back the HELOC from that.
if you dont make money, and loose , at least you still have your house.
or take your cash flow from the rents received, save it until you have enough to invest.
Mortgage Refinancing Tips
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An Insider’s Guide to Refinancing Your Mortgage: Money-Saving Secrets You Need to Know £3.66 … |
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American Mortgage : Everything U Need to Know About Purchasing and Refinancing a Home The Expert Guide to Finding the Right Mortgage at the Right Price Whether you’re buying your first home, a new home, or refinancing, it’s crucial to get the right mortgage at terms you can afford over the long run. Backed by decades of real estate experience, American Mortgage lays out all the issues you need to know–your rights, the questions you need to ask, what to expect, and how to apply. Dr… |
