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MJ DeMarco
I followed the science; all I found was money.
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I wouldn't.
That's just me, unless you have some super high rate debt and want to pay off at lower rates.
Worse, your HELOC is variable. Which means, it will go up.
Unless you have a specific purpose in mind, I simply wouldn't do it. Having some surplus cash laying around invites some loose spending. I'd bet that 9 out of 10 people who do this (with good intentions) end up just having more debt, and more stress.
That's just me, unless you have some super high rate debt and want to pay off at lower rates.
Worse, your HELOC is variable. Which means, it will go up.
Unless you have a specific purpose in mind, I simply wouldn't do it. Having some surplus cash laying around invites some loose spending. I'd bet that 9 out of 10 people who do this (with good intentions) end up just having more debt, and more stress.