Combine RV loan and home mortgage?

[2cyber71]

Originally Posted by Atlee

What's better? Spending all that cash? Or investing that cash at 4% plus while paying off a 2.5% equity line of credit.

At any time you can pull the investment and payoff the line of credit.

It all depends, maybe.
It’s always difficult to determine someone’s financial condition based on one action / transaction.

[hohenwald48]

I'm sure it has been covered in the last 6 pages but I just never understood the logic of risking your home to buy an RV. If the economy goes to hell in a handbasket I would never want a necessity financially tied to a toy.

But that's just me. Chasing a percent or two at the risk of being homeless just seems wrong.

[Onyrlef]

Originally Posted by Unplanned Tourist

I always used to tell my mechanics to NEVER borrow money to buy toys!

That said, a RV can be a rather large cost toy!

We didn't have a mortgage, so our investment guru suggested borrowing against our house to invest. It has worked out VERY well for us! We have made enough to pay off the mortgage any time we like, but the interest is so much lower than we are getting on the investments, we only pay the interest. (tax deductable BTW). I did say our guy is a guru, didn't I?

That said, I would suggest you think of a RV as a form of entertainment, and just write it off.

We did save up money in a special joint account we called the "RV" account. It took years, but we wrote

You should never invest money you can't afford to lose. Any broker who advises a client to risk their home as venture capital needs their license revoked. You were fortunate, had your venture gone South you'd be standing in a median with a cardboard sign.