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Thanks David & all who responded!

I appreciate your thoughtful responses -- I can see what you mean, davekone, in your last message.

Your messages have helped me see that there really are two sides to this debate, not one right answer! I am leaning towards keeping the $50K liquid in my credit union savings for now. I am still able to pay extra principal on my mortgage every month, without touching that $$.

David, your illustration was right-on, if I had the mortgage, a HELOC, and any interruption in income (layoff, etc.) I (we'd) be in very bad shape. I partially support my disabled spouse, and while she gets a monthly check, my income/savings is our safety net.

Thanks again Fools, you are awesome!

Sheryl
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