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Should I pay off my mortgage with my HELOC?


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    this is called Velocity Banking. You have already passed beyond the point where this is beneficial strategy because you are into paying almost no interest anymore on the mortgage.  this would have been a great idea in the first 15 years when interest was the bulk of the payment. not anymore.  look up "Amortized payment" so you understand how your mortgage interest is calculated.

    You have already paid nearly all of the interest during the term of the loan.

    I cannot speak to banks freezing HELOC, but My best advice is to stay as liquid as possible during a crisis, even if the sun is shining.

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