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View Full Version : Does this make sense to you?


Stetson20
02-07-2007, 05:27 PM
Disclaimer: I am using the program. I do not get paid any fees, royalties, etc.

Quick overview: You take your equity in your home, get a HELOC (not a 2nd) and use it to make "injections" to your 1st mortgage. You pay off the HELOC as fast as you can, rinse and repeat. Requires some fiscal restraint.

www.mortgagefreeusa.com

I'd like to see if anyone else finds this interesting.

Stetson20


ExDeltaPilot
02-10-2007, 06:38 PM
Disclaimer: I am using the program. I do not get paid any fees, royalties, etc.

Quick overview: You take your equity in your home, get a HELOC (not a 2nd) and use it to make "injections" to your 1st mortgage. You pay off the HELOC as fast as you can, rinse and repeat. Requires some fiscal restraint.

www.mortgagefreeusa.com

I'd like to see if anyone else finds this interesting.

Stetson20

It's not a scam BUT if you mess it up or if interest rates go up you can really screw yourself. No reason in today's rate environment not to take a fixed rate mortgage and accelerate the payments if you're so inclined.