Originally posted by milanbenes
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Releasing Equity in your home
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ahh trying to get rich quick eh
and they all fall down, like toy soldiers
interesting thing is, life has taught me that many of the things the older generations preach are indeed correct
funny old world
good luck,
Milan.Comment
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Originally posted by HRH View PostIts actually to invest in something which I hope will allow me to pay off my mortgage sooner. But heh your Grandparents know best!
I got thoroughly bored of a then friend who everytime we went out boozing he'd bang on about how even the rich have mortgages and invest the cash in other schemes that pay more interest than they're charged for the mortgage.
Maybe I should dig out his number to see if he was right, or if his wife got as bored of his schemes as I did.Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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Originally posted by HRH View PostIts actually to invest in something which I hope will allow me to pay off my mortgage sooner. But heh your Grandparents know best!
TBH, I can't see that effort being worthwhile for 5K.
timComment
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Originally posted by zeitghostYou're quite right there, Milan... they'd seen some really interesting times... times that such as we have managed to avoid.
Though it does come as a shock to realise that they needed a mortgage to buy a new house for £600...
timComment
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tim you plonker,
it's for bizniz innit
this time next year
he who dares tim he who dares
you see tim, that's why you isn't a millyonair, cos you haven't released and _invested_ enough of the equity in your house
Milan in 'some people' mode.Comment
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Originally posted by HRH View PostHi all I have between 15-25k in my home, how do I go about releasing 5k from this? Is it a long drawn out process? does the money HAVE to be used for home improvements? Do they check?
ThanksHard Brexit now!
#prayfornodealComment
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Originally posted by milanbenes View Posttim you plonker,
it's for bizniz innit
this time next year
he who dares tim he who dares
you see tim, that's why you isn't a millyonair, cos you haven't released and _invested_ enough of the equity in your house
Milan in 'some people' mode.
What is the point of shelling out an up front fee of, what 400 quid, to borrow 5K at an interest rate which is only a few percentage points lower than you could get with a straight bank loan.
I'm not saying that he shouldn't borrow the money, only that the total cost of doing so by increasing his mortgage is likely to be more than the alternative route.
timComment
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Jesus wept, all Im doing is adding a very small extension to my kitchen and fitting a new kitchen (my family are in the building game before you bang on about costs) in the intention of adding some value to my home and making my life more comfortable. Im 25 and do not have 5k at my disposal unfortunately so I asked a simple question. Instead I get the following.
Doom merchants
An old man banging on about the good old days and 'get rich quick schemes' FFS.
Smarmy middle managers giving it large/Comment
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