How time flies and we are now 6 months into 2019 . . . let’s do a quick update on my journey to financial … “debt”.
Well, I have acted upon the plan and the “result” is below. Here is the step by step guide for those who are interested.  Step 1 – Draw down the excess home equity as new mortgage loan. The amount you can draw down will depend on how much you have paid down the mortgage and whether the property has increased in market value over time. In my case, i have been fortunate on that front. The home loan is probably one of the “cheapest” financing you can get at around 2.2%. Step 2 – Open a private banking account with a local bank. I probably can’t qualify for a “foreign bank” like UBS or Credit Suisse , so I