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Reply to "What to do after house is paid off"
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[quote=Anonymous][quote=Anonymous]In 2 years we will have our house paid off. Its current market value is 1 million. We made a mistake of borrowing only for 15 years at a very low interest rate. Is it a good idea to use it to take out loan and buy investment properties? Otherwise it's sitting there doing nothing for us.[/quote] Don't risk your only house for investments. You might wind up with nothing when the housing market corrects itself. [/quote]
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