Re:Why has regional income convergence in the U.S. declined?...
by nasalgoat on Wednesday July 26, 2017 @06:05PM
(#14860799)
In Canada there is the "Smith Maneuver" which involves a Home Equity Line of Credit (HELOC) where you borrow against your equity and invest it, and write off the interest payment on the HELOC.
So technically you're using low-cost mortgage lending (2.15% rates are possible) to invest and get 5-7% returns on average, plus writing off the interest payments.
So technically you're using low-cost mortgage lending (2.15% rates are possible) to invest and get 5-7% returns on average, plus writing off the interest payments.