Suggestions

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Support Smith Manœuvre

Support Smith Manoeuvre where we can borrow against the equity of our house in a HELOC to invest and get a tax deductible loans (as opposed to mortgage). We do not repay the HELOC and pay only interest. Offer option to repay the principal of the HELOC when selling the house. The HELOC is typically only used for the manoeuvre since it can mess up reporting of the taxes for deductions.

1 vote

Tagged as Suggestion

Suggested 25 June by user Annie Caron

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  • 25 June Annie Caron suggested this task

  • avatar
    Shawn @PL

    FYI – you can set this up today by using: 1. a basic loan, 2. tax deduction, 3. and flow to repay the loan at sale of the house.

    This request would be a first-class feature to make this a bit easier, but I don’t think there’s anything stopping folks from getting the net effect of this today.

    08 July

  • 08 July Shawn @PL approved this task