Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
With regards to the Home Equity Line, that is a strategy I have put forward to people in the past to use as an emergency fund. Smart move. My advice would be not to use it on your mortgage. Keep it for emergencies. It gives you flexibility. And most importantly, it gives peace of mind.

Try refinancing your mortgage if you want to lock in a lower rate. But if that’s not worth it, using your equity line is probably not really worth it either.

Mark
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.