Read something today, where a guy suggested to take a home equity line of credit, use your equity to pay your bills, using the checkbook out of the credit, and then put every paycheck you get towards paying down the line of credit anything over on the mortgage. At least that’s the way. I understood it? Does this make sense?

If one wishes to secure their unsecured credit debt and bills with their home, maybe. HA!

I think the idea was that as long as you make more than you spend you’d pay the house off faster.

Could to the same by just putting “extra” in a back account until you could lump sum pay it off. Or just put any extra towards the principal monthly…

But it give you easy access to money in emergency situations.

That’s what emergency funds are for.

The psychology of “just borrow it” in case of emergency will lead the vast, vast majority of people further into debt.

Makes sense when you're paying off high interest loans with the HELOC as long as the interest rates are substantially lower on the HELOC than the bad debt loans

Just don't turn around and run up bad debts again once getting them paid off with the HELOC.
That's where too many people mess up. They roll all the bad debt into a HELOC and then go right back to running up credit cards and buying toys that they don't need