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0 pointsquickthrower23y ago0 comments

Yeah line of credit would do the trick though. Then once you have cleared the hoop use it to invest!

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Waterluvian3y ago· 2 in thread

When I bought a house I had to prove the 20% down was not via debt like a line of credit. Perhaps they would require something similar.

quickthrower2OP3y ago

The problem with that is, once you have a mortgage, everything is in effect a line of credit until it is paid off.

Waterluvian3y ago

Depends on your mortgage. Five years fixed at 2.99% means that it’s often smarter for me to invest the money in a GIC at 4.60% rather than pay it off.

(The risk of course being when I renew and it’s way higher)

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