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The reason to borrow is to take equity out of your home (a money pit with limited tax benefits) and put it into some other investment that is either generating
by bdowling 10y ago
The reason to borrow is to take equity out of your home (a money pit with limited tax benefits) and put it into some other investment that is either generating income or accumulation of capital.
- mooreds 10y agoYes, that is a good reason to borrow. A bad reason to borrow is because you really want a vacation! But a heloc doesn't care what you borrow.