View Single Post
Old 05-09-2007, 11:02 AM   #80
Incinerator
Franchise Player
 
Incinerator's Avatar
 
Join Date: Apr 2003
Location: 30 minutes from the Red Mile
Exp:
Default

Quote:
Originally Posted by SeeGeeWhy View Post
This is one thing if you are an investor, but doing this with your house is playing with fire.
How is getting financing for your own primary residence playing with fire? Shouldn't it be the other way around? If you're an investor you can overstretch yourself holding multiple mortgages. I don't think there is much to worry about when you only have one mortgage with interest rates still hovering around the low end of 5.xx% as long as you have a steady income.
Incinerator is offline   Reply With Quote