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A more accurate description would be that you used available credit at the right time to help create a profitable asset, and it ended up highly profitable with
by dedward 14y ago
A more accurate description would be that you used available credit at the right time to help create a profitable asset, and it ended up highly profitable with low risk.
(I guess I just have an issue with the concept of "buying a house" and "mortgaging a house" becoming synonymous, when they are two very different things.)
- Domenic_S 14y agoI hate when people get pedantic over this. The buyer does in fact own the real property -- the mortgage is secured with an encumbrance.