HELOC to Pay Off Your Mortgage… Why Does it Work? When it comes to paying off a mortgage, homeowners often feel like they’re locked into decades of fixed payments, with a significant portion of each installment being swallowed up by interest. However, there’s a strategy that can change this narrative: using a Home Equity Line …
HELOC to Pay Off Your Mortgage… Why DOES It Work? Read More »
Does Using a HELOC to Pay Down Mortgage Actually Work? You’ve probably heard of the concept of using a Home Equity Line of Credit (HELOC) to pay off your mortgage faster. It’s touted as a smart financial strategy that accelerates you to financial freedom. But with so many differing opinions, it’s fair to ask… Does …
Does Using a HELOC to Pay Down Mortgage Actually Work? Read More »
By Sam Kwak. December 28th, 2023 So you may have heard from financial experts and gurus for years about paying off your mortgage early. But should you? Is this outdated advice or is it a timeless wisdom to pay off your mortgage faster? You might be wondering, what’s the smarter decision for me? Especially – …
Let’s take a moment to turn the pages back to when you, as a sprightly young adult, stood on the doorstep of your very first home. There’s a unique kind of joy that comes with this moment, isn’t there? The smell of fresh paint, the echoes in the empty rooms, the shine of the unworn …
Why Your 30 Year Mortgage Was Designed for you to NEVER Pay if Off Read More »
Have you always wondered what the banks do with your money? Your hard-earned money does more than sit in your bank account. Banks use the deposits you make as fuel to generate profits. How does this work exactly? Let’s delve into the workings of banks to understand this dynamic more clearly. Fractional Reserve Banking System …
How The Banks Make Money With Your Money: The Inside Scoop Read More »
Title: The Devaluing Dollar, CBDCs, and the Accelerated Banking Strategy: Navigating the Future As we find ourselves in an evolving financial landscape, concerns and questions about the potential impacts of a devaluing dollar and the introduction of Central Bank Digital Currencies (CBDCs) are becoming increasingly prevalent. For individuals using the Accelerated Banking strategy, or considering …
The Devaluing Dollar, CBDCs, and the Accelerated Banking Strategy: Navigating the Future Read More »
As homeowners, many of us are convinced that securing a low fixed-rate mortgage is the optimal path to financial freedom. And it’s easy to understand why: the predictability and security of a low fixed-rate mortgage make it an attractive option. However, if you’re open to exploring innovative financial strategies that could potentially expedite your journey …
Low Fixed-Rate Mortgage vs. Paying off a Mortgage with a HELOC: A Closer Look Read More »
When considering a Home Equity Line of Credit (HELOC), two types come to mind: a 1st lien HELOC and a 2nd lien HELOC. Both can offer financial leverage, but the difference between the two lies primarily in their placement in the financial hierarchy of your debt obligations. Here, we delve into these two kinds of …
1st Lien vs 2nd Lien HELOC? What are the Differences? Read More »
You may have recently been introduced to the idea of using a HELOC, a Home Equity Line of Credit, to pay off your mortgage faster. But you’re wondering ‘why is this better or any different than just sending in extra payments to your mortgage?’. But, is this the most optimal route to financial liberation? Let’s …
Paying Extra Into the Mortgage vs. Using a HELOC? Which is Better? Read More »
