Re:Make elites compete: Why the 1% earn so much and what to ...
by sokoloff on Saturday March 26, 2016 @11:00AM
(#11365857)
> wouldn’t consider it unfair if they releveraged their own primary residence to achieve a similar result.
Spot on! For the less finance lingo savvy, that simply means take a second mortgage/home equity loan or home equity line of credit (HELOC) for a vacation, to invest in another property, pay for college or other large expense, etc.
Spot on! For the less finance lingo savvy, that simply means take a second mortgage/home equity loan or home equity line of credit (HELOC) for a vacation, to invest in another property, pay for college or other large expense, etc.