Ditto’s here. Got less than 30K left on the mortgage and NEEDED a HELOC to offset my taxes. Using the HELOC to fix up the old casa a bit at a time. Inside of 10 years I will have no mortgage and no HELOC either, interest is money you never get back.
Don't know much about this stuff...why did you need a HELOC to offset your taxes? Do you mean as a deduction on the interest?