New answers tagged

0 votes

Can/should you pay the down payment for your house on a line of credit?

No. Interest paid to buy a house is not tax deductible. Interest paid to buy most stocks is tax deductible in a non-registered account. You can sell the stocks and buy the house then re-buy* stocks ...
user avatar
  • 1,592
3 votes
Accepted

Can/should you pay the down payment for your house on a line of credit?

A couple of things: the interest rate on my line of credit is only ~5.5% The line of credit is a loan. The lender will have to factor in the line of credit terms when calculating how much mortgage ...
user avatar

Top 50 recent answers are included