GSU4LIFE
Active Member
NEW YORK (Money) -- Question: I cashed in my investments to raise a 25% down payment to buy a house. I'm thinking of taking out a home equity line of credit, borrowing against it and then investing the loan proceeds. I figure this would be a good way to rebuild my investment portfolio. What do you think? - James
Answer: I think it's a good idea to open up a home equity line of credit that you can borrow against in the event of a financial emergency - a layoff, say, or to pay for a large expense you can't handle out of savings or cash flow.
http://money.cnn.com/2006/10/16/pf/expert/expert.moneymag.moneymag/index.htm
Answer: I think it's a good idea to open up a home equity line of credit that you can borrow against in the event of a financial emergency - a layoff, say, or to pay for a large expense you can't handle out of savings or cash flow.
http://money.cnn.com/2006/10/16/pf/expert/expert.moneymag.moneymag/index.htm