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"Take a loan with it" - that's not a practical solution if the asset is property. Getting a mortgage approved is far from straightforward, can take months, is b
by jbstack 10mo ago
"Take a loan with it" - that's not a practical solution if the asset is property. Getting a mortgage approved is far from straightforward, can take months, is by no means guaranteed to be accepted, and can be extremely expensive if done frequently (e.g. yearly) due to one-off costs and lock-in periods.
- ethbr1 10mo agoI'm not sure what country you live in, but in the US at least, mortgages (and their property-collateral loan relatives) are incredibly easy to get, relatively cheap, and come in a (perhaps overly so) incredible range of flavors.