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Reply to "Taking out a second mortgage to buy stocks "
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[quote=Anonymous]I wouldn't do it for 8.49%. We had a 2.5% rate on our mortgage. We talked about throwing extra money at it to pay it off early, but ultimately decided to let it run its schedule while investing the extra money in mutual funds. Over the long run, we earned more that the 2.5% rate. The mortgage is done now anyway, but if I could get a new one at 2.5%, I probably would consider taking out a new mortgage in order to invest the funds. With the key caveat that we could pay off the loan even if the invested money went up in smoke overnight. How would you do with the second mortgage if the investment is lost? Would you still be able to pay it off, or are you counting on the investment returns to eventually pay off the mortgage?[/quote]
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