All Forum Posts by: Account Closed

I am fairly new to this and have a question on the vocabulary. What exactly is meant by "leveraging" against banks and such?

What exactly is Equity and how can one "take it out" of a house?

Would these circumstances be very different if we were in a high interest rate atmospheres, such as the 1980's with 14% interest rates? Would that make it a higher priority to pay off mortgages?

As for Dave Ramsey, is the advice of going with 15 year FRM over 30 year FRM better? Also, are Adjustable Rate Mortgages a bad idea for invesments?

Alright, that makes a lot of sense. So, in a higher interest rate economy where you got a fixed rate mortgage during that time, would the mortgages on your investment be better paid off sooner rather than later, using extra funds that you would usually use to reinvest? Or should you not prioritize them and instead use the extra money each month to invest in other properties (consequently more mortgages.) 

Thanks!

Afternoon everyone!

In my old highschool, our personal finance class revolved around a curriculum from Dave Ramsey, who bad mouthed mortgages and everything. Is there a difference between having mortgages for your personal home v invested homes?

As in is it better to pay off your mortgage and not as important for your invested homes?