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Interest rates are getting very low again. All that equity in a paid-for home just earns whatever the appreciation in value that is occurring for where the house is located. A more aggressive approach would be to refinance the house at low rates and invest the proceeds into something that will earn you a higher rate of return.

An even more aggressive approach would be betting the farm on a sure thing in the sixth race at Aqueduct. Sorry, but no matter how much makeup you put on that pig, I still see it as gambling on borrowed money.

Note that I'm putting great emphasis on your use of the verb "will." If there's a guaranteed after-tax greater buck in the bank by borrowing here to invest there, sure, it's a great idea. I just don't see those opportunities.

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