If you are 100% sure you will be able to repay it quickly, I think that is a good idea. The interest you pay will be offset by the ability to shelter that money from taxes. [and the interest is even less painful since it's tax deductible]If I were in your situation, though, I'd put my Roth investment in a money market investment, so that if by some reason I was unable to pay the mortgage back, I would be assured of being able to withdraw my principal to pay off the line.If you do take out the loan, you are going to have to decrease your spending so you can pay:- interest on the loan (around $80/month until you get the principal down)- principal on the loan (however fast you want)and so you can save money for your:- 2002 IRA contribution (you have about 1 year left to make the $3000 contribution)- 2003 IRA contribution (make the $3000 contribution as early as possible after 1/1/03)A question to ask yourself: If you had contributed the $2000 from savings to the Roth, would you have then taken money from your HELOC to pay for a trip to disney world?
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