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[quote=Anonymous]My take: 1. Take out a no-fee HELOC now (assuming you can find one), while you have cash in the bank and will safely qualify. 2. Pay with cash, keeping a minimum amount of ~2k cash on hand in the event you need some small cash float. If a balance left, put on HELOC. 3. In the event of a need for emergency fund between now and bonus, *then* use the HELOC to fund that. This gives you the flexibility you want by having more borrowing capacity. But keeps the cost of capital lower, as the HELOC costs will exceed the interest you'd get, especially when factoring in taxes. [/quote]
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