So I'm going to assume by savings you actually mean your investments. If this money was actually stored in a savings account then what I'm going to say won't apply. To play devil's advocate EJ was providing you some pretty solid advice. There's some pretty significant downsides with selling investments to pay for home improvements. The biggest one is your forcing yourself to realize gains on your investments. Depending on your situation this could result in a significantly larger tax bill. By recommending a line of credit your advisor was providing you a cheaper alternative to pay for the repairs. Back in 2019 rates were pretty low so you could have borrowed this money pretty cheaply. If you use your home as collateral then then you'd probably be paying around 3.5%. since you used the funds for home improvement you are then allowed to deduct the interest you will pay from your taxes.