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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Why is Mortgage Debt "Different" Date:  6/19/2014  9:44 PM
Author:  SeattlePioneer Number:  308277 of 309665

<<So here's my question. Right now I have about $50k in efund money, just sitting there in cash earning a piddly 1%. I could use that cash to pay down my mortgage and get a HELOC in case of emergencies.

$50K is a lot of cash sitting around waiting for a need to arise.

I would carefully examine how much cash you really need to have on hand to protect yourself from unexpected problems. If you have more than you reasonably need, I think there's