Home Equity Loan

Keep my stock or sell and pay off some of my equity line?

I have quite a bit of stock, and a large equity line payment. Should I sell most of the stock to put on the equity line, to get my payment lower? I can afford my payment, however I am paying interest on debt that I could lower. I am just not sure if I should sell stock to do so. I know I have to pay taxes on my earnings. Does anyone know the earning limit to avoid capital gains when you sell stock?

Public Comments

1. Yes. pay off the equity line.
2. Keep you stock especially if it's Edison, or Exxon
3. stocks are variable and equity line payments are constant- it is a gamble either way...good luck!
4. sell your stock. pay off the equity line and reduce debt. then by all means invest.... Why are you relying on your securities? that is supposed to be disposable money. would you find yourself in a lot of financial turmoil or even a crisis if you couldnt tap that money?
5. I am going to assume that you cannot afford your monthly payment on the home equity line, so I would, in my opinion, say yes, you should sell most of your stock and use the proceeds to pay off some of your home equity line of credit. Note, however, that when you do sell your stock, you will more likely than not be subject to capital gains tax. If you have the stock in a retirement account like an IRA, you'll be subject to early withdrawal penalties if you're not at least 59 1/2. You should, however, seek a qualified financial planner or tax accountant to advise you of what your best options are in your particular circumstance. I included some links below for your review. Good luck.
6. What is your interest rate and is it fixed or variable?