Was this a dumb, risky move with no merit?

[cashflo2u2]

During the last 2 years I have taken my annual distribution requirements (about 3 1/2% of portfolio balance) by utilizing my home equity line of credit (rate prime -1) rather than drawing off the portfolio. When I look at my portfolio I mentally subtract the balance of the home equity loan and say "this is what you really have". I don't want to do this anymore because I do not like debt. Was this a risky way to do things and when should I pay this off? It is not costing me that much right now.