What would you do if you had an open Heloc

[Andri Grullon]

Hello BiggerPockets members. I hope everyone is staying healthy physically, mentally, and financially.

My question is the following: If you have a Home Equity Line of Credit(HELOC) would you consider transferring the balance to your bank account? Yes, I would have to pay interest rate on it every month, but I don't have to worry about the bank closing my HELOC if my home loses value. My hope is to have cash available to invest if homes go down in value as predicted in a few months.
 
Few Specifics:

-I own a small business which is affected by covid19

-My credit score is above 750.

- I had to use my father as a co-signer to get approved

-I have a HELOC total of $150,000 (using my home and my rental)

-Interest rate is between 3% -4%

-If I transfer all of it, my monthly interest payment would be roughly for $440

I know there is a chance they might not closed the line of credit, and in that case I would be losing that amount every month. 

Is that monthly expense worth the guaranteed of having access to that amount for future investments?

I appreciate your thoughts and input on this idea.