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RE: Is is Smart to Pay Off Your House Loan?
Have you ever done the trick of using a home equity loan and depositing money in that account and withdrawing from that account so that you do not have 30 year mortgages? Do you know if it works?
I have heard of that. It is basically counting on you investing all your extra money into the line of credit. The problem is lines of credit have to be renewed which can be expensive.