Portfolio of your assets might be a long one, which eventually includes your living place too. But if you have taken a loan for that house and regularly you have to make monthly payments for it, then not only it becomes an asset, it may also be considered as a liability. So if you apply some intelligence to make some additional penny think something like this which in turn might diversify your investment portfolio.
Is not it a great idea if you consider taking out a second mortgage with the objective of financing your investments! Taking mortgage for your existing house can give you a chance to use up the money to buy another real estate property. This actually be bought for renting out purposes with a regular monthly fee or even for selling at a later stage in a very higher cost. And this would be just wonderful if you can manage to rent it out with a higher fee than the interest rate payable for your mortgage. You also have an option to utilize it for other business opportunities.
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