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stuart1116 (Thursday 14th of August 2008 08:36:00 AM)

With falling property values and lending tightening how easy really is it to get someone in the current market conditions to pull equity out of a home? As a Financial Advisor who is also licensed in securities with a broker dealer I find that most BD's will not allow an advisor to use this strategy.

stuart1116 (Thursday 14th of August 2008 08:32:26 AM)

With falling property values and lending tightening how easy really is it to get someone in the current market conditions to pull equity out of a home? As a Financial Advisor who is also licensed in securities with a broker dealer I find that most BD's will not allow an advisor to use this strategy.

fubecara (Monday 6th of October 2008 12:00:55 PM)

BD's don't like this because Doug pushes Indexed Universal Life and BD's don't make anything off of IUL's, so I wonder what their issue might really be?!

aldinga123 (Tuesday 22nd of July 2008 11:40:47 AM)

I wish that I had been part of the audience that day. As a CPA and a CFP I would more than likely loose my certification if I was ever to convince my clients to take cash out of their home and invest it in a life insurance policy, which is really where he is going with this. I am sure that Mr Andrews and his network very are well compensated by insurance and mortgage companies for their referrals. How does this guy live with himself?

Boytoru1 (Friday 16th of May 2008 03:05:05 PM)

it is true that there are insurance advisors that use this concept with the WRONG investment vehicles like whole life insurance.

moneymonk33 (Thursday 15th of May 2008 04:28:22 PM)

this is straight BS He did not factor in that you still have to make payments on that eguity that you cashed out if you make money or not, and what if the heloc interest rate change, well you're screwed! if everything goes perfect, you can make money, but if something goes wrong, lose your job, or gain less interest rate. again you're screwed!!!!!

Boytoru1 (Friday 16th of May 2008 02:52:17 PM)

MoneyMonk33 please finish the video before making such a comment. At 4:25 he says "there is a cost!" an employment cost to borrowing the money. He does factor this in. Where did you get that this is a heloc? Please tell me at what time (X:xx) he said that he uses a heloc to cash out the equity.

fubecara (Monday 6th of October 2008 12:06:55 PM)

actually if you lose your job this is the perfect reason to do this! If I have access to money on the side rather then crammed in my home then when I lose my job I can tap into that cash rather then lose everything! What is straight BS is when people don't finish watching the video and then make comments on the first 10 seconds.

stemikger (Friday 4th of April 2008 03:04:38 AM)

Never trust a man with dyed eyebrows

RayMartinCerimeli (Sunday 27th of January 2008 11:44:57 PM)

It is absolutely true that EQUITY HAS NO RATE OF RETURN. You retrieve equity tax free when you refinance. Otherwise stagnant equity grows tax free as cash value in a fixed indexed life insurance policy. It can be withdrawn tax free when you need it no matter what your age. Best of all when you pass away it blooms to several times your original investment and transfers to your heirs income tax free. This is arbitrage at its finest and an excellent retirement and estate planning strategy.