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Advisor says ‘Borrow money’. I have money.
Advisor says ‘Borrow money’. I have money. I’m buying a new house before I sell my current house. My advisor wants me to use my heloc on my current home (which is at prime -1%) instead of using my brokerage account (invested money, not a 401k or Roth). I’m in a hot market and my house will sell quickly. So, does it make sense to borrow money at 7.5% when I could just temporarily take it ...
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