Heloc’s have exploded throughout the USA in the last couple of years, since the pandemic, because real estate values have increased, in many cases, more than doubled in value… having a Heloc available for a quick, ready cash, appears to make a great deal of sense. However, if you dig a bit deeper, the interest rates generally on these credit lines utilizing the equity in your residence is running in the range of 8–9%…. A very heavy price to pay for borrowing money. The question is; is it possible to invest your money if you take advantage of the cash equity in your home, that can generate more in a rate of return that what you are paying in interest ? More likely than not, it would be quite difficult to accomplish. Therefore, I suggest very careful due diligence when considering this option….
https://www.fa-mag.com/news/u-s–homeowners-are-tapping–9-trillion-in-real-estate-wealth-73918.html
U.S. Homeowners Are Tapping $9 Trillion In Real Estate Wealth
