How to pay off HELOC

[Jason Walker]

What is the best way to pay off a HELOC that I used on a home to purchase a second home?

My interest rate on the home I pulled the HELOC from is 2.75%, so I don't want to refinance it because I won't get that rate again and I would like to avoid my mortgage increasing in both properties if possible.

Thanks

Jason

[Steve Vaughan]

Originally posted by @Jason Walker:

What is the best way to pay off a HELOC that I used on a home to purchase a second home?

My interest rate on the home I pulled the HELOC from is 2.75%, so I don't want to refinance it because I won't get that rate again and I would like to avoid my mortgage increasing in both properties if possible.

The same way we attack any debt we don't want to anchor us anymore- by punching it in the face with large principal payments.

We buckle down, make our own coffee, brown bag our lunch and eat/drink at home or bring a picnic to the park Dave Ramsey style.