Sitting on Cash, pay off Mortgage?

[Thomas Grove]

Right now I have some cash sitting in savings.  I had plans to invest it, crazy to think just last week I was putting in out of state offers, but I personally won't be doing any investing the next couple months amidst the uncertainty of covid19.  I have 134K owed on my house.  My thoughts are pay it off then do a heloc or REFI when I'm ready to deal hunt again.  This would also help diversify my portfolio by not having too much cash sitting in a bank account, I do have concerns of a weakening dollar and inflation with this stimulus that is about to roll out.

Thoughts?

[Kyle J.]

@Thomas Grove  I wouldn't do that.  Some banks are already tightening up on their lending so having cash/liquidity will become even more important.  The last thing you'd want to do is sink all that cash into your property where it's harder to get to and costs you money (in terms of loan costs) to get back out.  And that's if you're even able to get it back out.  If I were you I'd just sit tight for right now and hold onto that cash.