Should I pull equity from my home to invest with 500k left on mortgage?

[aurabeast]

500k owing on the mortgage. House is worth roughly 1m, and I want to pull some equity to invest it. Has anyone done this?

 

[BeesBeetle]

It's called debt recycling. Ask your broker how much you can pull out. It depends on LVR and serviceability.

 

[Maria43]

Yes do it because debt erodes itself over time due to money printing and inflation

 

[thunderflashlife]

Since interest rates are predicted to go up some more, I’d want to be guaranteed some pretty solid returns to make it worthwhile.

 

[loudkaizenbeast]

Unless you can truly keep up with the new loan payments, you won’t be able to access the equity.

 

[PilkStinky]

No, don't do it. Dont get into too much debt.

 

[neonstorm24]

So one person did this, used leverage to invest, and their story about it is really blowing up this week. Look it up.

 

[LayDexJon]

At current interest rates and you have to account for CGT and tax here you’d need to be investing in the same dam solid wins. Otherwise, you’ll be going backwards.

 

[FutureAnoon]

Just have a chat with a good broker they’ll be able to set it up for you, and it’s pretty simple. As long as they can see you’re able to make the repayments, you’re all good to go.