Extend Mortgage to Buy Shares in these Times?

[couta1]

If you have plenty of equity and are comfortable paying the debt, even without dividends, would you ever consider adding to your mortgage in times like these, to truly take advantage? The dividends would more or less cover the interest if you choose wisely and the interest would also be deductible against the dividends, I imagine.

Anyone considering this or done it before and have some tips?

I've had 300k on the house for about 6 yrs now at a higher interest rate than the current average (About 4.8%) the house was almost mortgage free before I topped up mind you, just like owning a rental property they are interest only loans and yes the interest is tax deductable. I think it's a good idea if you keep the loan at a modest level compared to your total portfolio value, also you cant get a margin call which removes a lot of possible stress, depends on your age also and as I hit 60 next year I will probably repay the loans as they come off their terms which occurs next year also.