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> I have locked in a 30 year 2.3% mortgage, which I use for leverage > but then I'm also making a margin on the leveraged capital. Do you mind expanding on th
by Kon-Peki 2y ago
> I have locked in a 30 year 2.3% mortgage, which I use for leverage
> but then I'm also making a margin on the leveraged capital.
Do you mind expanding on this? I’d like to understand what you are doing, as a fellow ridiculous mortgage holder.
- demondemidi 2y agoIt's called a humblebrag. Person responded offtopic to demonstrate how savvy they are investing, then steered back on topic with a brief anecdote.
- babyshake 2y agoA not very degen version of this is taking money that you might spend on your mortgage at a rate under 3%, and putting it somewhere safe that earns more than 5% (not hard to find).
- scwoodal 2y agoIsn't what you describe using your own capital to use as an investment instead of paying down the mortgage? How do you use the leverage (debt) from the mortgage to put in a 5% investment?
- dotBen 2y agoI already owned the house free and clear. Was offered stupid (good) terms for a mortgage so I took it. Used the money to create a return that pays back the monthly interest and principle while still creating a return AND tax deduction.
- Kon-Peki 2y agoAh, thanks for the explanation. Unfortunately not something I can do.