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Reply to "Should I pay off my HELOC with my savings?"
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[quote=Anonymous]I have a 79K heloc at 4.25% (variable; just went from 4% to 4.25 Dec. 15). Should I use my savings (around 70K currently sitting in cash accounts) to pay it off? Other data: my partner works for a start-up that is not very stable so we built up our savings last year; I expect a bonus of around 30K pre-tax in Jan. or Feb, my partner expects a $16K gift from his parents soon. [/quote]
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