I would not do it as I think for myself that owning your home outright should be what your striving for and refi-ing every 5 years with a interest only mortgage would not accomplish that.The usual average of apperciation for homes is about 3% not 6% and using the 6% figure is aggressive especially if the Fed continues to put the brakes on raising interest rates trying to slow the economy down.Get a traditional mortgage and whatever you have each month extra use that for investing do not use your home in the manner that this guy wants you to.Just my humble opinion.--George
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat