Has anyone used their line of credit to pay off some of their mortgage?
My mortgage right now is 3.85% for 5 years fixed. I've got 3 more years left of the 5 year term.
My line of credit is prime +1. I think prime right now is 1% right?
Can't I use my line of credit to pay off part of my mortgage?
Does anyone have any thoughts? Pros/Cons? How can I do this safely?