googily
Full time employment: Posting here.
- Joined
- Jul 6, 2013
- Messages
- 792
This is what I used ours for. In 2015 I needed a sizeable chunk of dough to buy out my dad and sibling on an inherited house. I had the cash from a recent land sale, but opted to invest that and use the HELOC for the payoff. Inherited house has now sold, HELOC is paid off from those proceeds, and I made a whole lot more in the stock market than 3.75% between 2015 and late 2017.Ages 69/60.
Have HELOC at 3.5% for $50K.
$45K utilized for kitchen renovation.
Stock market seems to be doing than 3.5%.
Doesn't always work that way, but it did for me.
I won't close the HELOC, in case I need it again.