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Updated over 6 years ago on . Most recent reply
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Debt Paying strategy
Im looking for creative ways to accelerate my mortgage.
I don't want to use my cash all at once, because I want to keep my reserves high.
So I'm looking at ways of getting cheap cash. Im thinking of taking a cash advance of about 10k from a cc, and putting it towards one of my newer mortgages. Then transferring the balance to a 0% apr 18 month cc. Then pay it off in the 18 months. From what I have calculated it would save me 32k in interest.
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Originally posted by @Josh Mitchell:
@Gareth Fisher use your cash to buy more properties so other people pay your mortgage and you don't have any issue....
I have to currently personally garuntee these mortgages. Giving the world economy is being supplemented by fake money from the feds. I don't feel very comfortable taking on any more debt at this time.