Traditional convention loan or HELOC

[Tom Nguyen]

Hello BP

Would you pay off for a house if you can then open Home Equity Line of credit on it to avoid paying interest when you not using but still have ability to access credit similar to cash ?

or Would you do traditional 30 year mortgage to lock in low interested and have ability to access liquid cash on hand , you would pay around 4.6% interest while your liquid cash in the bank don't make much at all. 

Looking for opinion