Tapped into my home's value and finally debt-free—anyone else done this?

jonbrewer4082 · 2025-04-11T08:07:54Z

Just wanted to share something kinda cool that happened recently. After years of juggling credit card debt and a car loan, I decided to tap into the equity in my house. Was a bit nervous at first because you hear all these horror stories, you know? But I did my homework, talked it over with a financial advisor friend, and took the plunge. Now I'm officially debt-free besides the mortgage itself. Feels pretty great, honestly. Curious if anyone else here has had similar success with using home equity to get ahead financially?

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smitchell76

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Interesting strategy with the separate accounts... but does anyone else find it tricky to stick to that kind of strict boundary? I've tried similar things before, and somehow always end up "borrowing" from myself. Curious how others handle that temptation.

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Tapped into my home's value and finally debt-free—anyone else done this?

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