Rebalancing your retirement savings should be second nature (it is, right?). But it’s not just the asset side of your personal balance sheet that needs tending to.Your debt, specifically your mortgage, deserves thought from time to time.

Home-equity lines of credit were the crack cocaine of the home-improvement binge of the past few years, and it’s easy to see why. Three years ago, the minimum monthly payment on a $100,000 line of credit was just $333. But now that the prime interest rate (which is the rate most HELOCs are pegged to) has doubled to 8 percent, the minimum is $666. If you can’t pay off the HELOC, you may be able to convert it to a conventional loan.

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