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Reply to "Paying for home projects - cash or HELOC?"
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[quote=Anonymous]We plan to embark on some renovations next year, with an estimated cost of just under $100k. We have an unused HELOC for $150k. We are also expecting the proceeds from a sale of another property within the next month which will likely be enough, or almost enough to pay for the work in cash. HELOC rate is currently under 3 percent but adjustable. Do we borrow money from the HELOC at a low interest rate and invest the approx 100k the we're expecting to get? [/quote]
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