Money magazine Comments - Ask Paul: Pay off mortgage or keep it as a line of credit? We plan to renovate our house. Should we close out our almost-paid-for mortgage and apply for a loan or keep the current mortgage as a line of credit? https://www.moneymag.com.au/feed/latest?story=141442383 Wed, 11 Dec 2019 13:37:42 +1100 Wed, 11 Dec 2019 13:37:42 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Pay off mortgage or keep it as a line of credit? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by jenniel neieln (.)

We are now mortgage-free, now what to do next.... we have decided to move with 12 months but my husband hasn't worked for 3 months ( work Injury, no income). should I keep my home loan account open, a very basic account, no redraw?

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