Does it make sense to take a home equity loan ... - Finance information

Question by Jeffrey T : Does it make sense to take a home equity loan out for a year or so 0K in advance of renovations and Investment ?
I?m thinking of putting it all into a couple of mutual funds mutual funds or maybe half / half CDs. I would cash out on other investments to avoid short term capital gains.I get hit with the alternative mimimum tax so my accountant said I should invest in property as in an upgrade or rental. Best answer:

Answer by SCH
NO ? there are a hundered reasons that this is a horrible idea, but that is the 1st prime is at 8.5% right now so anything you want to make be canceled out by the interest you are paying on the loan.

What do you think? Answer below!

Source: http://www.lovefinanceinfo.com/2012/02/does-it-make-sense-to-take-a-home-equity-loan-out-for-100k-or-so-a-year-in-advance-of-renovations-and-invest/?utm_source=rss&utm_medium=rss&utm_campaign=does-it-make-sense-to-take-a-home-equity-loan-out-for-100k-or-so-a-year-in-advance-of-renovations-and-invest

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