Our HELOC balance is under $20,000! We’ve had the HELOC since we bought our house in January 2003. We’ve never focused on paying it off – it’s an interest only loan, and we’ve just been stashing our money in the HELOC every time we get paid, and then when it’s time to pay bills, we take money out of the account. I haven’t paid our August mortgage or credit card bill yet, so the balance will increase by about $2700 next week. But until now, the lowest balance we’ve ever had in the HELOC before bills were paid was about $24000. So we’re headed in the right direction. It seems strange to look at our bank account info online and see a “1” at the beginning of the HELOC balance. It makes me even more motivated.