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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76420  
Subject: Re: 401k loan to pay off HELOC Date: 7/2/2014 8:15 AM
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One "issue" in our financial life is the home equity loan we have that has a balance of just under $30k. We have ~$300k equity in the house (8 yrs left on a 15 year mortgage). Plus, my wonderful wife would like to do a $20k basement/backyard remodel.

I would start from a different angle. What's the cheapest, most efficient way to pay off the HELOC and do the remodel ? Depending upon the value of the house, I'd do a cash out refinance.
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