Safe Places?

[Monica]

it's only half paid off. i still owe $60,000.

I'm not really qualified to give advice. I just know what I've heard from financial experts...that, in general, it's advisable to retain equity in your home. We refinanced once to lower our payments and took about $12k cash to buy a vehicle. It seemed like a great idea at the time, since we really did need a vehicle, but now that we're close to paying off our house, if we had not lost that equity, we'd have it paid off about 3 years sooner. With the economic situation the way it is, at this point I'd rather get our house paid off. Ah well, you know what they say about hindsight!