One of the secrets of the rich is that they habitually look for ways to increase good debt and eliminate bad debt. Good debt is used to make an investment that appreciates in value and puts cash in your pocket, while bad debt is used to buy a “doodad” that depreciates. Your mortgage is an example of good debt because it helped you purchase a house that will rise in value over the long term. Now, why not consider using the equity you’ve built up in your home to create even more value?
For example, refinancing your mortgage to invest in revenue property can provide a variety of unique wealth building advantages. Read More.
Originally Published at www.referralmortgages.com
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