[DARISC]

Originally Posted by onewhippedpuppy

true, But.......... If You Lose Your Job, You Can Quit Paying Into Your Investments.

the Investments I Was Thinking Of Are Stocks, Bonds, Whatever, Not Ones That You're Investing In On A Monthly Basis.

You Can't Quit Paying Your Mortgage. Would You Borrow Against Your House And Use That Money For Investing? Because By Not Paying Off Your Mortgage, That's Essentially What You're Doing.

no, But If You're Going To Live In The House And Not Sell It Soon And Qualify For A Line Of Credit On It, If You Lose Your Job You Can Take Money Out For Living Expenses Until Employed Again, And, Of Course, Your Mortgage/heloc Payments Are Part Of Those Living Expenses.

Stop Paying Your Cc Bill And Your Debt Grows Rapidly And Your Credit Rating Suffers.

Not Saying That Your Approach Is Wrong, But There's Some Risk Involved.

i Don't Understand What The Risk Is. You're Just Using Some Of Your Equity At A Low Interest Rate As Opposed To Sitting On It And Paying A Cc Company A High Interest Rate.

I've Had An Established $250k Line Of Credit For Years With The Bank That Holds My Mtg. Don't Need It, But The Money's Right There For Emergencies As Opposed To Taking A Cash Advance On A Cc At A High Rate Or Liquidating An Investment That's Paying More Than My Heloc Costs. I Never Used It Until I Bought A New Car In Feb. - Low Interest And Tax Deductible.

I'm No Cfp And I Know Situations Differ, But My Case It's A No Brainer To Keep My Mtg, And Heloc For The Right-offs..

There's A Reason Why Those Who Are Debt Free Sleep Better At Night.

that's For Sure.

..,,That's bizarre! What the heck did I do to make the first letter of all the words in the respose above caps?

Edit: While I owe on a mtg. and a HELOC, I consider myself debt free because I'm using them for tax deductions - I can pay them off tomorrow, but I'd then pay more taxes in addition to losing income from the investment/s I'd have to sell to make the payoff. This approach to debt I am comfortable with - it's not really, in a sense, debt if it's making me money.