New answers tagged down-payment
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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 ...
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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 ...
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