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Old 11-25-2008, 02:52 PM   #1
Recycles dryer sheets
Join Date: Oct 2004
Posts: 184

The bank that holds my mortgage just notified me, my new rate heloc is >1% lower than my mortgage rate. I'm pondering using it in some capacity. I could pay my mortgage now with cash (low principle)but it is at 5 5/8 % and I see no need to rush a pay off. With stocks so low, I'm thinking borrowing an amount that I could make payments on and buying stocks. If sh@T hit the fan I could pay the heloc or my morgage off, but limit my long term reserves (emergency $). Only thing stopping me is fear and common sense. Any opinions? Shredder
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