A home equity line of credit (HELOC) is a way for you to access that equity to invest in yourself, your home or other real estate. Before planning your investments around a HELOC, consider the best way to the strongest return on your investment while staying on budget.
Ask a Fool: Is It a Good Idea to Use a HELOC to Invest in Stocks?. It is generally not a smart idea to borrow money to invest in the stock market.
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And there's a tax benefit if you use the funds from a HELOC to invest, just like if you use a mortgage to invest. In both cases, the loan interest is.
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BUT using home equity to invest in stocks is NOT a sound financial planning strategy! Your home is not an investment contrary to the way most people have thought and managed their finances. That is part of the reason we experiences a price bubble in housing. Keeping your home and investment separate IS a sound financial planning strategy!
If you already own your primary residence and are seeking to buy an investment property, unlocking the home equity in your current house isn’t a bad way to finance the down payment on your second home. However, there are some important factors to keep in mind when using a HELOC or a second mortgage to fund your second home.
Using a HELOC to buy investment property may or may not be the right choice for you. Shop around for interest rates on your HELOC before using a HELOC to buy investment property. A variable interest rate on a HELOC for investment property may end up costing you a lot more money. Think about paying off your first mortgage before using a HELOC to buy investment property.
– Negatives of Investing Your Home Equity. While the idea of earning some sort of return on your home equity is appealing, that thought should be countered by the risk of losing your home to foreclosure. There are incredible risks to using home equity as a pool of money to invest in the stock market. First, you are not guaranteed a 10% return.