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How does your mortgage decision relate to protection?
Jeff Thomas: Protecting your house or protecting your investment comes in a couple of different , but if you buy a house with zero down there’s really no way that you can protect that investment. But the way you protect it is if you have money to put down well then instead of putting the money down maybe you leave the money in the bank because when life happens and it always does. If you have the money in the bank to whether that storm it might be a wife or somebody is out of work, you may have to help a family member out, but if you have the money in the bank, you can weather the storm.
If the money is in your house in the form of equity then the like that you have being able to weather that storm you have to go qualify for mortgage either get a home equity line or home equity loan. And using those you can actually protect your equity or protect your wealth in your house because remember, every time you make a monthly payment you are making an investment in your house. And then a house is the only asset that you have to continuously make a payment on each month in order to continue to use that asset.
If you buy stocks, you make one payment, if you buy a house you have to make a payment for 30 years in order to keep that house for 30 years. So you want to protect that equity or color that equity in your house through the use of an equity line of credit, or an equity loan, or possibly cash out refinances.
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