Quote:
Originally Posted by maat55
In the event you have a major illness and need the money, you can refinance or take out an HEL if necessary, though a last resort.
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Two problems with that:
1. Try getting a HEL if you suddenly find yourself unemployed or disabled due to illness.
2. Even if you are somehow able to get a loan, how will you make the payments if you aren't working? That would be a time when you'd want to be cutting expenses to the bare minimum, not taking on new debt.