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5.25% rate is pretty awesome. You will not be able to get an unsecured LOC for that or even less than that.
I would not dump 22k into paying it down. Keep that as rainy day fund or whatever and invest it wisely (look into canadian couch potato or Tangerine mutual funds).
Make regular payments of $2000 if you can afford to - leaves you with $1200 to "live".
Instead of rushing to pay it off in 1 year - have a 3 year goal. This will help you save some extra cash on the side as well. If rates go up in the future, you can use some of the savings to pay it off + still have some left.
Thats what I would do - you gotta balance life + savings + obligations. Money is cheap these days make it work for you!
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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