I have a VA mortgage.
VA has a program called Cash Out which allows you to Cash Out 100% of the value of your home (minus what you owe). This is a pretty remarkable concept, as typically the best you can do on a traditional loan is 80%. Fee is about 2.5% of the total loan.
VA Interest rates are about 2.6% or so right now (30 year)
I owe about 13 years on my mortgage.
Market is at All Time High (Housing Market) and I believe its going to correct/go down, it has too, but right now I can basically pull a substantial amount of equity into cash at a very low rate. My mortgage payment would actually reduce.
Thought is, pull out a nice huge sum of money, invest in crypto, continue to pay mortgage and profit huge on the gains over time (5y, 10y, 20y, 30y). I could even choose to sell at some point some of my position and just pay off the loan (If I would have done this earlier this year, I would already have enough in just "months" to pay off the entire loan, and own my house outright).
I plan to do this. I am looking for agreeing or opposing viewpoints to make sure I have done all the critical thinking that needs to be done here.