Replying to Avatar Jason Ansley | Fractional COO | Leadership Coach

What do you mean by “gear” their investments?!

As a side note; I believe mortgages are highway robbery.

1st lien / position HELOC is a way better (equitable) way to pay for a house. Plus it’s simple interest and therefore paid off in about 1/3 the time of a traditional mortgage.

But anyways..:can you explain what you mean by “gear their investments”?
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Rune Østgård 1y ago

I mean "borrow to invest"

What is 1st lien / position HELOC?

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₿obby₿uckle 1y ago

Simualar to «rammelån» / «flexible credit». See my full note in another reply to your post.

da
Rand 1y ago

home equity loan on credit/ variable rate in US/ usually a second mortgage but can be first if house paid off

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

Thanks for the clarification.

Borrowing to invest certainly falls into the Complicated and Intricate areas of #investing

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Jason Ansley | Fractional COO | Leadership Coach 1y ago

Re: HELOC what Rand said is mostly correct. However having the house fully paid is a not a requirement.

Michael Lush literally wrote a book about it

Replace Your Mortgage: How to Pay Off Your Home in 5-7 Years on Your Current Income https://a.co/d/3AneN7g

https://archive.replaceyourmortgage.com/

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