Tag: home equity
Should You Take a Home Equity Loan? There Will Be a New Gold Rush
The new rush to gold will be home equity loans; mark my words. The average American homeowner is up to their eyeballs in debt, and the federal government has a solution. Instead of teaching people fiscal responsibility, the government wants to support the secondary market for home equity loans (or secondary mortgages). This means the…
Secondary Mortgages for Everyone! The Government wants to get into the Home Equity Loan Business
The US economy is stalling because the average consumer is overburdened with debt. The answer is for everyone to live below their means, pay down debt, and generate passive income from investments. But that sounds boring. The easy answer is to offer everyone the ability to assume more debt. That’s precisely the route the federal…
Is Homeownership Still The American Dream?
I detest paying rent to someone else. Currently, I am renting a room as I finish the last month of my military career. I am paying $800 monthly in San Diego as my family awaits my return to Florida. I feel many negative emotions every time I pay rent on the first. I am a…
Diversify Your Home Equity: Protect Yourself with Multiple Investment Strategies
The run-up in housing prices has slowed down, at least for now. However, many of us are still sitting on tons of home equity. Is it a good idea to let your house value determine your net worth? What if the housing market drops again, like in 2008? I don’t believe housing prices will drop…
Home Equity Loans vs. Interest Rates
It seems every day I am talking about interest rates increasing. Unfortunately, this is the story of our generation. Most of us have not seen 8-10% inflation and 6-10% mortgage rates. But we are here now and need to take these developments seriously. If we continue to consume and enjoy life at face value, we…
TAP Your Home Equity
Well, let’s start with the biggest disclaimer of all time: Should you tap into your home equity? No. The only reason you should tap into your home equity is if you have another investment that can produce a better return than your home. What does a better investment mean? The four asset classes are real…
