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Reply to "What is the smartest way to pay for a home remodeling project?"
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[quote=Anonymous]I paid off my last home improvement project ($30K) with a home equity line of credit because I didn't have the cash on hand, but knew that I'd be selling my house for $200K more than I paid for it, so it was a no-brainer. Plus the interest rate was super-low so i paid very little interest. How much interest is your $100K making for you right now? What's the rate on a HELOC right now? if you're making 6% on your investments and you can find a 3% HELOC that has tax deductible interest, go for it[/quote]
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