Home › Forums › Financial Markets/Economics › An idea I would like some feedback on!
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HLS.
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February 11, 2009 at 9:22 AM #15026February 11, 2009 at 9:30 AM #344376
sdduuuude
ParticipantI have wondered the same thing myself. Max out on the HELOC, refinance the HELOC and Mortgage on a single fixed rate. Use the cash to bet big using options.
Leverage is a dangerous thing. I’m too chicken to do it.
February 11, 2009 at 9:30 AM #344934ParticipantI have wondered the same thing myself. Max out on the HELOC, refinance the HELOC and Mortgage on a single fixed rate. Use the cash to bet big using options.
Leverage is a dangerous thing. I’m too chicken to do it.
February 11, 2009 at 9:30 AM #344837ParticipantI have wondered the same thing myself. Max out on the HELOC, refinance the HELOC and Mortgage on a single fixed rate. Use the cash to bet big using options.
Leverage is a dangerous thing. I’m too chicken to do it.
February 11, 2009 at 9:30 AM #344698ParticipantI have wondered the same thing myself. Max out on the HELOC, refinance the HELOC and Mortgage on a single fixed rate. Use the cash to bet big using options.
Leverage is a dangerous thing. I’m too chicken to do it.
February 11, 2009 at 9:30 AM #344806ParticipantI have wondered the same thing myself. Max out on the HELOC, refinance the HELOC and Mortgage on a single fixed rate. Use the cash to bet big using options.
Leverage is a dangerous thing. I’m too chicken to do it.
February 11, 2009 at 9:31 AM #344381(former)FormerSanDiegan
ParticipantThe general strategy you are contemplating boils down to borrowing in today’s $ and paying back in future dollars that re worth less because of inflation.
Most of the world is in the process of deleveraging right now, so you are going against the grain (sometimes that’s the best thing to do).
If you think this is the case, however this works best with fixed rates.
Credit card rates are subject to change, making them a poor choice.
February 11, 2009 at 9:31 AM #344939ParticipantThe general strategy you are contemplating boils down to borrowing in today’s $ and paying back in future dollars that re worth less because of inflation.
Most of the world is in the process of deleveraging right now, so you are going against the grain (sometimes that’s the best thing to do).
If you think this is the case, however this works best with fixed rates.
Credit card rates are subject to change, making them a poor choice.
February 11, 2009 at 9:31 AM #344842ParticipantThe general strategy you are contemplating boils down to borrowing in today’s $ and paying back in future dollars that re worth less because of inflation.
Most of the world is in the process of deleveraging right now, so you are going against the grain (sometimes that’s the best thing to do).
If you think this is the case, however this works best with fixed rates.
Credit card rates are subject to change, making them a poor choice.
February 11, 2009 at 9:31 AM #344811ParticipantThe general strategy you are contemplating boils down to borrowing in today’s $ and paying back in future dollars that re worth less because of inflation.
Most of the world is in the process of deleveraging right now, so you are going against the grain (sometimes that’s the best thing to do).
If you think this is the case, however this works best with fixed rates.
Credit card rates are subject to change, making them a poor choice.
February 11, 2009 at 9:31 AM #344703ParticipantThe general strategy you are contemplating boils down to borrowing in today’s $ and paying back in future dollars that re worth less because of inflation.
Most of the world is in the process of deleveraging right now, so you are going against the grain (sometimes that’s the best thing to do).
If you think this is the case, however this works best with fixed rates.
Credit card rates are subject to change, making them a poor choice.
February 11, 2009 at 9:32 AM #344816Veritas
ParticipantSocratt, I have heard that some banks will soon be increasing minimum monthly credit card payments so they are closer to 4% rather than the current average of around 2%. Some major banks have already increased the minimum payments and others are about to follow suit.
I heard a caller on a talk show last night say that Chase just did this to him on one of their low interest loans and that he might not be able to pay it. Then the rate goes up. I am sure you are not in the same boat, but it is something to be prepared for.
February 11, 2009 at 9:32 AM #344944ParticipantSocratt, I have heard that some banks will soon be increasing minimum monthly credit card payments so they are closer to 4% rather than the current average of around 2%. Some major banks have already increased the minimum payments and others are about to follow suit.
I heard a caller on a talk show last night say that Chase just did this to him on one of their low interest loans and that he might not be able to pay it. Then the rate goes up. I am sure you are not in the same boat, but it is something to be prepared for.
February 11, 2009 at 9:32 AM #344847ParticipantSocratt, I have heard that some banks will soon be increasing minimum monthly credit card payments so they are closer to 4% rather than the current average of around 2%. Some major banks have already increased the minimum payments and others are about to follow suit.
I heard a caller on a talk show last night say that Chase just did this to him on one of their low interest loans and that he might not be able to pay it. Then the rate goes up. I am sure you are not in the same boat, but it is something to be prepared for.
February 11, 2009 at 9:32 AM #344708ParticipantSocratt, I have heard that some banks will soon be increasing minimum monthly credit card payments so they are closer to 4% rather than the current average of around 2%. Some major banks have already increased the minimum payments and others are about to follow suit.
I heard a caller on a talk show last night say that Chase just did this to him on one of their low interest loans and that he might not be able to pay it. Then the rate goes up. I am sure you are not in the same boat, but it is something to be prepared for.
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