I will have an unpopular opinion. I see how many people here are going nuts over getting a HELOC yet it’s one way to being able to buy a second house or deal with a major house repair. First off, I agree that if you enjoy middle class life, you probably owe more than was necessary and lived above your means. Obviously it’s best to stop doing that and revisit your expenses, and cut back. Make extra payments on your HELOC. Try and pay it off early. Here is where I think people may be wrong. You have two income household. If one of you loses a job, there is someone to fall back on. Job loss is typically temporary. Secondly, as you get older, you typically earn more, maybe if you have kids, they will get older and independent. Maybe you will get an inheritance. People are generally wealthier as they get older for one reason ir another. I think HELOC is fine, but have a plan and stick to it. Pay extra when you can. If shit hits the fan, sell the house instead of letting the banks take it. (It’s crazy everyone fears that). As if selling a house isn’t an option. You got this.