Quote:
Originally Posted by Hugh R
Me personally, I don't think I'd use HELOC $ to buy stocks. If they go south, you're losing on both ends, paying interest on the HELOC AND holding a losing stock. But then again, you could do very well. If it all goes further south, and you bail on your house, they can't take the stocks that you bought with the HELOC.
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+1
Don't do it!
Refinance sure; but with a lower interest rate, a lower amortization rate and a slightly higher monthly payment.
Pay that sucker OFF! Then join the ranks of kings!
30 year amortizations are just stupid! Anything over 20 years is foolish; go for 15 in your equity position.