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#1
posted to rec.boats
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Financial question...
John H. wrote:
Would it be a wise move to take out a loan on your home to buy stocks? If you have a mortgage, no. Would it be a wise move to sell stocks to pay off a loan on your home? If you have income, no. |
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#2
posted to rec.boats
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Financial question...
On Wed, 20 Aug 2008 17:17:06 -0400, BAR wrote:
John H. wrote: Would it be a wise move to take out a loan on your home to buy stocks? If you have a mortgage, no. Wouldn't a home equity loan be the same as a mortgage? (In all but name.) Would it be a wise move to sell stocks to pay off a loan on your home? If you have income, no. Why? Assume the individual does have income sufficient to pay the monthly mortgage payments. Why should he do so? -- ** Good Day! ** John H |
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#3
posted to rec.boats
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Financial question...
"John H." salmonremovebait@gmaildotcom wrote in message ... On Wed, 20 Aug 2008 17:17:06 -0400, BAR wrote: John H. wrote: Would it be a wise move to take out a loan on your home to buy stocks? If you have a mortgage, no. Wouldn't a home equity loan be the same as a mortgage? (In all but name.) Would it be a wise move to sell stocks to pay off a loan on your home? If you have income, no. Why? Assume the individual does have income sufficient to pay the monthly mortgage payments. Why should he do so? -- ** Good Day! ** John H Because you giving the mortgage holder interest. |
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#4
posted to rec.boats
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Financial question...
On Wed, 20 Aug 2008 17:31:58 -0400, "D.Duck" wrote:
"John H." salmonremovebait@gmaildotcom wrote in message .. . On Wed, 20 Aug 2008 17:17:06 -0400, BAR wrote: John H. wrote: Would it be a wise move to take out a loan on your home to buy stocks? If you have a mortgage, no. Wouldn't a home equity loan be the same as a mortgage? (In all but name.) Would it be a wise move to sell stocks to pay off a loan on your home? If you have income, no. Why? Assume the individual does have income sufficient to pay the monthly mortgage payments. Why should he do so? -- ** Good Day! ** John H Because you giving the mortgage holder interest. Exactly. And I'm only getting 30% of it back (on a good day). -- ** Good Day! ** John H |
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