https://www.onefrugalgirl.com/do-you-find-comfort-in-your-home-equity/ Earn, Save, and Live Joyfully. Thu, 02 Feb 2012 20:49:01 +0000 hourly 1 https://wordpress.org/?v=6.8.3 https://www.onefrugalgirl.com/do-you-find-comfort-in-your-home-equity/comment-page-1/#comment-381 Wed, 01 Aug 2007 14:49:00 +0000 http://www.onefrugalgirl.com/?p=231#comment-381 I only bought a house a month ago (in fact, my very first mortgage payment is due today!) so I haven’t had much time at all to think about this issue. But when I do think about it, I think of my house as an investment in my retirement. The equity that I will build in this house will help me buy house #2, #3 and so on, until I am at retirement age and wish to downsize to a smaller house. At that point (hopefully) I will make a significant amount of money because I will be buying something much less expensive. This will be the point when my “investment” in homes pays off. I would only use a HELOC in a serious emergency where I had no other option. I am working on having 3 months of income in my emergency fund, so the emergency would have to be pretty severe to tap that out, I think. Otherwise, I don’t plan to touch the profits I make on homes until I retire.

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