Go Back To Search Results Question What's a safe way to use my home equity to make money? I own my home and don't have a mortgage payment. Can I get a home equity loan, and then invest that money into a safe investment (such as a bond mutual fund) and pocket the difference each month, assuming that the fund's monthly distribution is higher than the mortgage payment? Or, is there some other "scheme" I can set up that would be similar? I don't want to use the home equity loan money to start a business or buy real estate or anything like that - too risky. I'd prefer to stick with things like mutual funds. I just got to thinking that my home is just sitting here, not really going up in value (in my area, anyway), and that money isn't doing anything for me. Surely there has to be a safe way to let it make me a little money, right? By lieinourpig Posted on 02/07/07 Total Answers 3 Answers- Sounds like you have your priorities in order. Make sure your cost to refinance don't exceed your interest. Using your equity to make money isn't a bad idea, but be careful. A possible resale could be a good and better move. Especially if you are capable of building a second home for a profit. If you choose to stick with mutual funds or any investment funds, make sure you stay on top of the market and keep up with conditions. It is easy to loose your investments very quickly. Consider reselling and rebuilding before the next election. Building materials is down considerately and labor is up but interest is low. After the next presidential election, that could change dramatically. Good luck Answer by : sniper On Date 2007-02-07 23:18:39 How much interest rate is the mortgage company charging you (If you take a loan) exactly? Answer by : Frank Castle On Date 2007-02-08 01:52:56 If you do that, you are asking for trouble. Answer by : Italian girl On Date 2007-02-08 04:03:52   Go Back To Search Results