Oddbean new post about login | logout If I felt good about my cash flow and didn’t have any Bitcoin I would max out my HELCO and smash buy as much corn as I could 😂 Luckily I’m not in that position.
If you had better cash flow you would just buy more corn instead of dealing with the headache that comes with all the paperwork haha
But being able to buy 100k today on borrowed money is very different than DCAing 100k over 3-5 years.
That’s true but I don’t know enough about HELOCs. There has to be some additional cost. Otherwise the standard 20% down payment would be pointless. My guess is that your interest rate on the loan goes up as you take on more risk with a HELOC.
Okay I just looked it up. Typically a new homebuyer can take out a HELOC 30-45 days after close, access up to 80% of their equity value and payback over up to 20 years 😂😂😂😂😂
My guess is you’d have two loans then and the second loan will probably have a higher interest rate because it’s considered more risky ?
Internet said it’s a separate loan, usually variable rate, but typically a similar rate to the initial mortgage. They can be fixed rate too. They can be paid off early. And they can be refinanced. The banks want as much debt as possible no wonder they make these things so sweet.