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Malcolm Knight: Are you using the mortgage as an ATM?

Publish Date
Sun, 31 Mar 2019, 6:00PM
Is it a good idea to use the your mortgage as a cash cow? (Photo/File)
Is it a good idea to use the your mortgage as a cash cow? (Photo/File)

Malcolm Knight: Are you using the mortgage as an ATM?

Publish Date
Sun, 31 Mar 2019, 6:00PM

There is an increasing trend of using our home as an ATM.

Many home owners have benefited from very strong equity gains over recent years and combined with record historic low interest rates, it has been exceedingly tempting to draw equity from the home to fund Lifestyle.

Finance expert Malcolm Knight joined the show to tell us the do's and don'ts when it comes to leveraging your mortgage. 

 

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