HAHAHAHAHAHAHAHAHAHA
MILLENNIALS ETERNALLY BLOWN THE FUCK OUT!!!
Evan Allen
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Juan Lewis
Adrian Mitchell
>tappable equity
Josiah Lewis
i love being a millennial and sure love my dry latte
Tyler Johnson
looks like another bubble
boomers are fucked
Noah Ramirez
>you lose if you win
Dylan Rodriguez
Oh sweet. More credit ballooning up from nowhere. Better go and spend that money now. That never leads to problems.
Colton Perry
>Once you have equity in your property, you can access it for a variety of purposes, including funding another investment property or renovating your home. A home equity loan is a convenient way to access this equity.
>The most common type of home equity loan is a line of credit. It functions in a similar way to a credit card by allowing you to access funds as you need them up to a pre-approved credit limit. You only pay interest on what you borrow, and there is no obligation to pay any of the principal until you reach the credit limit.
>To calculate equity, take the value of your home and minus the amount you owe on it. If your home is valued at $850,000 and you still owe $650,000 on your mortgage, you have $200,000 in equity or 23%. In this example, the loan-to-value ratio is 76%.
>It’s important that your home is valued at a realistic price. If property values drop and your home has been valued at an inflated price, you may find you owe more on the mortgage than the home is worth. Because the debt on your loan is secured by your home, your property is at risk if you fail to make the payments.
People have made this mistake here in Australia, and they are fucking regretting it.
The ones who bought 9 houses off one original mortgage are hurting very badly ever since the RBA tightened credit and investor loans, the entire country is about to feel it.
2-3 years tops.
Austin Murphy
What are you singling out millenials, faggot? This affects everyone so stop pretending you aren't mad as fuck too.
Isaac Green
>sell your house goy
>leave nothing to your children
Fuck off schlomo