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Increase HELOC or Cash?
I have an opportunity to pay off my mortgage by the end of the calendar year. At the same time I have been waiting for this opportunity to make my first real estate investment. I figure these are my two choices:
1. pay off my own mortgage and increase my current heloc to make my first REI
2. Pay off 90% of my current mortgage leaving 10% of available cash for REI
3. Unless there are other options im not aware of
I shouldnt be laughing but is this a first world problem?