Use a HELOC to pay off your mortgage! #Realestate #mortgage

[Nsmithq]

This "strategy" is a fools game. It makes no sense to use an 8% HELOC to pay down the principle on a 6% first mortgage. Just put as much extra cash flow towards your first mortgage as you can...and make sure that the bank actually applies it to principle rather than treating it as an advance on future payments.

[MrPreet]

Make $500 extra on your payment and get done with loan under 10 years if you have around 200k to pay off

[rj]

Lmfao in order to pay off the loan u must get another loan …

[NoRespec]

So i need book to realise that i need just more cash .... 😂

[BeLB]

Not sure I fully agree with the HELOC strategy on a fully amortized mtg?! I did it by paying off 12 months or whatever I could afford after each commission check towards Amortized Principal. It took 7 years to pay off. I also worked so hard those years… not sure how people are doing it with such high mtg’s.

[altondouglas]

Is it true they can call in a heloc any time and you got pay in full r lose your home

[jeulihonodel]

This strategy works really well. Do the math!!

[DavidOldenburg]

You borrow from a HELOC at 8.5% and use the money to pay down your loan at 6%... yes, it doesn't work. Just pay any extra money toward your principal and you will pay your home down much faster.

[stevenchapman]

That would be great if there wasn't somebody regulations on buying a house

[HeavenHeavens]

Good morning 🤙🏿
Keep up the good work.
Enjoy your day 🙂

[TM-howb]

VANNtastic YouTuber has a video on this strategy for free. No need to buy a book

[AngiePerkins-vdwe]

Why if your interest rate is way lower then the rates they have no😅not sure o follow