Gudivada04
Bewarse Legend Username: Gudivada04
Post Number: 45561 Registered: 09-2004
Rating: N/A Votes: 0 | Posted on Thursday, February 25, 2021 - 10:28 am: | |
Musicfan:
rao garu, HELOC theeukuni payoff mortgage anedi stupid idea in the US. you guys get a tax deduction for mortgage interest correct? you will lose that in first place. secondly HELOC is for people who already paid off mortgages, generally. I have a HELOC since 2015 (that's when I became mortgage free). you can use that money for investment purposes as long as you make more returns (after taxes) than the interest expense. Now a days you can get a HELOC for 1.5% on a 5 year closed term. Its not that hard to make 5% return with safe investments. |