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Reply to "How would you pay for these things?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] We can pay cash for car purchases if we wish - as you can see from the above posts, we are conservative and diligent about saving. We thought (and still think) it made more sense to use the HELOC. [/quote] Why? It makes no sense to pay X% interest when you could pay no interest. Stable investments are bringing so little that whatever interest you are paying on the HELOC is likely higher, so the opportunity costs for the $$ are basically nonexistent. I don't see why you would want to keep the debt. As for the marital property point, it makes sense to keep it separate if you are thinking that might be an issue. I'm not in the boat so it would not weigh with me. I'd want out from under the debt because no financial planner worth his salt will tell you it is better to have a mortgage deduction than to own your home free and clear.[/quote]
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