Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Does this make sense to you? >

Does this make sense to you?

Search

Notices
Money Talk Your hard-earned money

Does this make sense to you?

Thread Tools
 
Search this Thread
 
Old 02-07-2007 | 05:27 PM
  #1  
Thread Starter
Gets Weekends Off
 
Joined: Dec 2005
Posts: 140
Likes: 0
From: Southwest FO
Default Does this make sense to you?

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
Reply
Old 02-10-2007 | 06:38 PM
  #2  
Line Holder
 
Joined: Apr 2006
Posts: 71
Likes: 0
From: 737 F/O
Default

Originally Posted by Stetson20
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.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
bman0429
Cargo
2
10-16-2006 05:16 PM
navyman_tx
Hangar Talk
20
07-30-2006 09:15 AM
deadstick
Flight Schools and Training
15
04-28-2006 05:02 PM
Freighter Captain
Cargo
0
11-15-2005 01:57 PM
IFlyFL410
Regional
12
10-15-2005 06:44 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices