Replace Your Mortgage | How To Use A HELOC To Pay Off Your Mortgage In 5-7 Years
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- เผยแพร่เมื่อ 6 ก.ย. 2024
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If you are wanting to pay off your home faster on your current income, you should look at getting a home equity line of credit or a HELOC as they are called and you can pay off your home in 5-7 years. This video shows you how.
Transcript
Hey gang, Michael Lush. I'm a fourteen recovering mortgage banker. What I want to talk to you about today is the basics of what we teach, using a home equity line of credit to pay off your mortgage in five to seven years literally without changing your budget. What I want to explain to you guys today is a little concept that I came across about four years ago. I had a mentor of mine, a very wealthy individual, explain this to me. One this that he explained to me is that a checking and savings account is actually a liability. I always thought of it as asset which really surprised me.
I thought if you had a bunch of money in your checking and savings account, that's quite a bit of an asset. In fact I was completely wrong because today banks are giving you about a zero percent rate of return on your checking and savings account. However inflation is going up on average about one point six percent. Technically your money is moving backwards. What he explained to me is that money cannot remain stagnant, it's either got to north or south.
You're actually losing money every day by putting your money in a checking and savings account, thus your checking and savings becomes a liability. What we're going to do is we want to show you how to bypass that systemic problem and actually use a home equity line of credit as your checking account, because what's cool about a home equity line of credit is it's open ended. Money can move in and out freely, twenty four seven, three hundred and sixty five days a year. Instead of using your checking account and allowing the bank to then turn around and give your own money back to you in the form of mortgages, credit card and car loans, we're actually going to use a home equity line of credit. You're going to deposit all of your money into a home equity line of credit just like it was your checking account and then you're going to pay your bills out of it just like you would as a checking account.
By doing that you're actually going to accelerate the payoff of your mortgage and cut your mortgage at least by one third. Hold up. I don't think that's right. You're cutting by two thirds actually. You're getting it paid off one third at a time. Instead of having thirty years to pay for a mortgage you're actually going to get a home equity line of credit using your existing cash flow and nothing more, not paying more, not paying less, just changing where your cash goes and you're going to get a home equity line of credit paid of in five to seven years.
Now this is the basic concept of what we teach. We actually go further in depth and we get in some extremely advanced strategies that can accelerate it even further. This is a great tool to build wealth and we get into those as well. Be sure to check out our other videos and subscribe to our channel here. Look forward to hearing from you. Take care gang, God bless. Thanks for watching the video, if you like that one I actually picked two more for you that you can watch right here. No.
Speaker 2: The other way, point the other way.
Michael: This way?
Speaker 2: Yeah.
Michael: Actually I picked out two more for you that I'd like for you to watch. When you get done I'd also like to you subscribe to our channel, take care.
Nothing is truly explained
charles walker what about the interest charged?
@Brandon Juber We have thousands of clients that have done this. No, we have nothing to do with MLM. We offer a FREE consultation to show you the math.
We are going to take $25k from savings and put it on the mortgage. We will then spend the next 10 months to repay ourselves. If we stick to it, we will mortgage free in five years. Thank you so much for opening my eyes. We thought that having a large savings account was important. Having no mortgage is much better.
Yes. We have no need to pay interest on an heloc. We will simply borrow money from ourselves and pay it back.
We have a normal mortgage that we want to pay off early. We also have $25000 in a savings account earning nearly nothing. We would rather use our savings than get a heloc. We will still have to pay back the savings, so we can use your technique over and over again until the mortgage is paid off. Because we won't be using a loan, the only interest we'll "pay" is the lost earnings on the savings account.
Interesting concept, become your own lender. How is it working out so far?
Your strategy is great since you have such good savings and it has "no interest"! But still it potentially misses an opportunity to pay the mortgage off even faster with a HELOC. I put "no interest" in quotations because your mortgage has an interest, and depending on the balance and how many payments you have left, it can make sense to do your method AND do the HELOC method on top of it to pay the mortgage off that must sooner. Ultimately, it's about what number in savings you're comfortable with, how comfortable you are with the variability of a HELOC, etc. so I'm not saying your way is wrong. Just highlighting that there is interest being paid potentially longer than necessary, it's just on the mortgage side without using the HELOC.
I just got a HELOC for months ago. I just calculated my balance versus what would have been a 15-year mortgage at a lower interest rate that I had on my previous mortgage and my current HELOC. Well, I came up $2015 dollars ahead (less) on my current HELOC balance. And I am not even trying hard! Muchas gracias, Michael!
Congrats!
Check, already paid off my mortgage. It took me 8 years though.
John Doe how did you do it? Putting more money every month?
congratulations
I am self employed and pay my own taxes quarterly. I get a weekly settlement from my company as an agent. I typically save 35% of my weekly pay and put it into a money market account and 4 times a year, pulll that money out, pay my taxes and then file at the end of the year. Usually I have a small return... Question is, could I deposit all my money and quarterly pull out my tax money from my HELOC? What does that look like? I make over $250k per year gross. My current mortgage balance is about $200k. My expenses are about $8k per month.
Thank you so much for this video. Forever grateful to malian debt for the referral
Awesome content as always, using HELCO to build wealth and pay off mortgage sooner is smart!
thank you so much for doing this education
Michael Lush I have a question.
We are closing on a house purchase at the end of July 2017. 730K Purchase price w/ 10% Dn. We are doing a conforming 424,100.oo 1st and the remaining will be a HELOC. Can I refi into a jumbo HELOC into the 1st lien position? Are there banks that do Jumbo HELOC's first position loans?
When you use the money from your equity To pay Bill will you have to pay it back?
Donald Desamours if I borrowed money from you, would you expect me to pay it back. Dumbass
@@user_abcxyzz Lol😂
I'll try to do this. Take money from equity then pay off my mortgage. Is that a good idea?
What if you start a mortage with little down. Do you need to build up for a while to qualify for a heloc?
I would recommend having 10% equity in your home.
SO HOW Expensive is the info? Is there software you are selling? Just curious
Wow! You really showed me how to do it! Thanks a bunch!
Quick question, once you start with process , how you proceed ?
I listen to all videos, and my questions are the following?
Once I start doing , if I have a extract amount of money to deposit, should I tell then, put everything towards the principal or should I just make deposit and they discount the interest daily and the rest goes towards the principal ?
What is the best option?
how can I get help for home improvement though my mortgage,
Hello Michael,
I am a student intern working at WCBS, channel 2 in New York. We want to run a story on HELOC and how they work. We are looking for someone who personally used HELOC to pay off their mortgage. If you went through that experience, would you be willing to do an in camera or Skype interview for this news segment?
What do you think about indian economy where we get 4- 5% interest on our saving account?
Hello Michael, going to see a 3 family property for investment tomorrow that I have my eye on it for awhile and I believe going to buy it, so my question is can we use the Heloc in such short notice since this is an off market property and I need to move asap.
eye opener for sure, thank you!
I don't get it? How???
Could this work if we had a loan modification? We have a principal balance and another balance due after we pay the first one off.
Does this technique still work now that interest rates have gone up and you can get 4-5% in a money market saving account?
Absolutely!
@@ReplaceYourUniversity sorry meant to ask, does it still work with heloc interest rates as high as they are now. I have a heloc and it is at 9%, but my mortgage is a 3%
@@ReplaceYourUniversity sorry meant to ask, does it still work with heloc interest rates as high as they are now. I have a heloc and it is at 9%, but my mortgage is a 3%
Can you take out a heloc if your house is a homestead?
Homestead or farm? Farms (working businesses) are much more difficult.
Great information. What is the average rate of interest for a HELOC? Please let me know. Thank you.
From what I've seen it's about 7% average
hahaha.. 14 year recovering mortgage banker!..😂
Thanks for sharing. Do you know if there’s any banks for financial institution institution in Texas having good heloc product?
YOU HELP OPEN MY EYES
I must need to read the book
don't you have to actually have equity in the house to use a HELOC? and if you're only getting around 70% of your equity in a HELOC how is that going to knock enough off the mortgage to finish the payments that fast? I need a lot more information.
It's a refinance into a HELOC. Yes, ideally we would like folks to have 20% equity in their home, but you are not using that equity to pay off the mortgage. You are simply refinancing your mortgage into a first lien position HELOC. Go to www.ReplaceYourMortgage.com and we discuss it in further detail.
can this be applied to Canada to?
Do you still need to be approved in the same manner for a HELOC as you would a mortgage? Ie. credit checks, work and pay histories etc.
Absolutely.
Can I use this strategy with a rental property under an LLC?
The bloopers are awesome! :)
Whoops!....if only I had a mortgage...then this idea would be viable.
Help me I'm poor.
WHAT BANKS DO YOU RECOMMEND GETTING A HELOC FROM? THAT YOU CAN USE IT AS A CHECKING ACCOUNT? WRITING OUT CHECKS FROM IT AND SO ON?
This is a lot to take in but kind of make sense. Question... if I owe 155k on a house that is worth 225k, and I want to purchase a house that is 275k, and down payment is contingent upon the sale of my existing home (no extra savings to throw in), could a HELOC be beneficial and/or be possible?
I believe there is going to be a huge crash at the end of this year or start of next year. Would it be possible to pull out most of your equity into a HELOC as a safe place to hold your money so you don't lose it during the crash? Would it be affected by the crash if it were in a HELOC? You don't pay interest on the money unless you use it correct? so It would just be sitting there waiting for the right time to invest it. Does anyone know? I'm thinking of going to a bank to ask if I don't get an answer here.
Often times when a "crash" occurs....home values can plummet or be unstable. Many credit lines were "frozen" by banks and rendered unuseable in 08', because the underlying asset that secures the loan was uncertain of previous value. The only way you can work what you want is to take out the cash before the crash. Of course that requires you to make payments on it. Timing all that is difficult for us regular folks. "Experts" have been calling for this crash since 09' people who believed some of them would have sat on the sidelines of major market gains and paid interest on the loan.
how can i do it ..if my mortgage is under water?
Thank you for the information. I really want this to work for me but does this work only for someone who's got a high positive cash flow every month? I did some simple calculations (perhaps overly simplified) and found that parking $6000 per month only makes a small double digit reduction in the interest payment. Thanks.
+ReplaceYourMortgage n it tea 221111op9
Where is a good institution to open a HELOC?
HI! Curious....why would a bank approve of a heloc to someone for the the full amount of the loan? Wouldn't that be too much risk for them to take on? When banks take on a heloc for someone normally it's 70 or 80% of the home equity that ALREADY have?
Thx! So if someone has a 250K mortgage balance and the house is worth 400K, the new heloc to pay off would be 90% of 150K (the difference?) What about the rest of the mortgage loan?
Or are you saying you're able to get a heloc for the 70, 80 or 90% off its current value?
Oh got it! Thanks! I would need 60%
So Wells Fargo holds my note, do I get the home equity loan thru them? Or my bank at Capital One? And can you send me any additional information. I would love to pay off my home quicker.
Gotta find what works for YOU...
I got hurt and can't work anymore. So now we only have one income. And we are having a hard time making ends meet. So my question is how do I get a line of credit? Or save our home?
+ReplaceYourMortgage yes I would. Than you.
What if you can't get a Home Equity Line of Credit despite paying all of your Mortgage Payments on time.
Philip Matsikoudis
Fallowing to see the answer! Excellent question! I want to know too!
Philip Matsikoudis credit card or personal line of credit
savers are the winners
WRONG! Savers are losers in the end. Listen to Robert Kiyosaki and you'll find out why. You can only save when you're earning income. When you lose your job you can't save. Passive income like books, youtube videos, ads, rental income will keep paying in near perpetuity. I suggest you rethink your losing strategy.
One thing you need to remember about using HELOC vs Your saving to payoff your mortgage. A HELOC give you the security of having emergency money if needed while you are using your saving and extra monthly cash to pay down your mortgage.
Started off saying here are the basics and ended the video saying this is the basics and to watch the other videos. Get a heloc, use it as a bank account and stop using the checking and savings.
what is best HELOC bank for me, I have 2houses, worth 900K both, one loan 230k, 825fico,,$40k cash assets, but LOW income :(..
My lender says they will process my application as a second lien however after after i pay the mortage off with the funds, that it will then turn it into a first lien position heloc by virtue. Is this accurate info on how this operates or must they record it as first lien position from the beginning
dj 97 That isn’t how it is done. The lender is doing it wrong.
OK, so say I got a 30yr VA fixed 203k mortgage in March of 2017 at 3.75%, put 10k down, and just paid 43k towards principal so my principal is 150k right now. If I put 2k additional towards principal every month, I can have my mortgage paid off in August of 2022 (5 yrs 2 mo) for an overall loan interest cost of 15k(down from 134K initially), according to my mortgage calculator. How long would my mortgage be and how much would my overall interest cost be (including interest paid in the HELOC) in a HELOC? Other info: monthly payment is $1140 with 250 of that going to escrow. Please state numbers you use for an example. Thanks.
I cringe when I see stuff like this. You're at least thinking along the right line but the method is putting you at risk
Chris Mark exactly. He is throwing all of his cash flow to a closed end loan. If an emergency or investment opportunity comes up he will not have access to that capital unless it was through an open ended loan such as a heloc.
can a Comercial loan be motivied to a home loan
Does this still work with the new tax environment- given the non- tax deduct-ability and rising rates?
Rates have gone down and tax deductibility went up. Great combo!
I LOVE YOU MICHELLE
Can you do this w investment property?
Yes, but you will need 25% equity in an investment property.
How do you handle the taxes and insurance?
If your HELOC is in first position...and your only loan on the house (it should be for this setup) then the bank will either escrow for taxes and insurance like they do now on your mtg. or they will let you pay them annually/bi-annually when due. You paying them yourself lump sum from the HELOC acct. will save you the most financially....but many banks do not want to give you the option...because if you dont pay taxes, or insurance, the county can seize the property, or if it burns dowm the MTG wont be repaid.
Are you leaving out any info? Take out the loan and then pay your bills with it?
It works been doing this for a year
..
Can a HELOC be used multi-purposely (i.e. cash, mortgage payoff, renovations/repairs)?
Shaman Aurora absolutely!
Yes ,it's a revolving line of credit,aka your money..
what if the heloc rate is roughly higher than the mortgage rate, is this method still worth it?
Absolutely. It will always beat a mortgage. It's just math.
Can I share this video on my website?
Alex McMeeken Absolutely. Just embed it or link to it. Thank you!
hello! Awesome video! I already do this but with a an Unsecured LOC. I live in Hawaii and there are no banks that will do a heloc on my home. My home is on leasehold land and is FHA insured. Do you know any banks out of state that would help? A heloc would definitely speed up the process. Thank You!
+ReplaceYourMortgage
Thanks for the reply! So i was told that Hawaii is a Brick & Mortar State. Does any of the 127 banks have an Establishment in Hawaii? We do have a Wells Fargo here but they are not a bank, they're a Financial Servicing branch only. Thought maybe I could get a heloc from outer state this way. As I said before my home is a leasehold 99 yr term with the Department of Hawaiian Home Lands (DHHL). Some Banks told me they dont want to deal with a DHHL Leasehold and one Bank said DHHL wont allow it. I spoke with someone from DHHL and they explained that its just that the Banks dont want to take the risk because you cannot foreclose on the land which I understand completely. I left the conversation thinking "so you're saying there's still a chance!" lol
+ReplaceYourMortgage
thank you!
+ReplaceYourMortgage
Hello Michael,
Heres a scenario
So i wanna pay off your 250k mortgage faster but cant use the heloc strategy on this particular home because of what i explained in my earlier posts, (unless your research into the issue has turned out to be favorable) and say you know of a rental property with occupants who's been paying tenants for year's and the owner wants to sell 350k(unsure of equity). Would it be a good idea to purchase it with a heloc and use my current Cash Flow plus the rental income to pay down the heloc and in 5-7 years pay off the first mortgage? Of course this is if theres a bank in Hawaii that allows you to purchase a home using a heloc.
I had a question.I heard that if for whatever reason if you could not make your monthly payment of for example $1,000 you can take the $1,000 out of your line and put it right back into your line making the bank think you made your payment. Is that true?
+ReplaceYourMortgage Okay just to get this right if you had a line of credit of $10,000And my monthly payments were $1,000I can take out for example $4,000 out of my line making the balance of my line of credit to $14,000 Then put the $4,000 right back into line making bank think I did a $4,000 paymentAt the same time as leaving my line of credit back to $10,000?
+ReplaceYourMortgage so I only have a limit of $10k and I cant go over 10k. But if I started paying the $10k off where I owe $6k then I can borrow $4k and do a payment of $4k for mortgage.
So that's pretty much how I can lower the years on the mortgage of my house. By puting my whole paycheck into line and pull it out when the line amont goes down and make huge payments?
+ReplaceYourMortgage don't Heloc charge interests?
165472564635536
Yep..
Do Americans not have offset accounts?
This is a horrible idea. Trust me I know I work in the loan industry, I'm a loan originator. You are not paying off your mortgage. You are merely replacing it with a variable loan instead of your fixed rate loan that is more secure. A HELOC is not regulated like a 30 year fixed rate loan, it can lead to a balloon payment or negative amortization which is all bad. Do not listen to this financial ploy.
Hi Kev....okay you sell mortgages. You will love this video of me calling a mortgage loan officer like yourself and how that plays out. th-cam.com/video/aPqrCrREUuo/w-d-xo.html
After that, I would love to feature you on our new podcast that is launching. In fact, I will pay you $1,000 if you disprove me on the podcast. Are you willing to come on as a guest?
Who is a fraud?
Hey Tammy - You do mortgages right? www.linkedin.com/in/tammy-justice-b3834b12a/
This seems pretty legit. I can't disprove the math. Whats up Kev N. you gonna take him up on the challenge? I'd like to hear that.
See if Dave Ramsey will come on. Love to see that. You won’t convince him
Mechael where is the best place to get a Heloc?
A customer talking here... Its all over the board,,what's your CS, income etc...that drives best place..
Biblically if it takes more than seven yrs. you shouldn't be doing it at all period.You shouldn't ever be a borrower or a lender be.However, whenever loans where done they we're only allowed to be sought after seven yrs.You shouldn't go just go into things like that without haveing a way to take care of them realistically.Meaning if you need to make 20.00 an, hr. an you make 10.00 you shouldn't ever be there period.Because now you are essentially a slave to your debt.Back then they did alot more bartering to absolve debts as well.
can you payoff your mortgage in using a HECM rather than a HELOC with the same or better interest rate with reduced risk? Or does a HECM only apply to senior citizens?
Video says it helps your know who to use a HELOC to pay off mortgage in 5-7 years but it actually doesn't.
Twice in the video we state this is the basics and to watch the other videos that go further in depth. Hard to explain this entire strategy in less than 3 minutes.
how do i contact you? im losing my house with regions bank but i have $90,000 equity how can i repay the bank with that money and pay half of my mortgage of $200,000dlrs...would be great if you can help me
I pray that you were able to get help.
How do you get a "home equity" line a credit when you don't have the equity? If you buy a house and then try to get a home equity line of credit, you'll be denied...because you won't have equity.
You answered your own question. That's why we have this. replaceyourmortgage.com/is-this-for-you/
The name is misleading.. Just need about 10 % equity,half way good CS ,( like 650) and its go time..Most bankers will focus on your equity...doesn't matter,this is a First lein position ,so forget about 2 nd lien requirements..
subscribed.
Why? He didn't explain shit.
So you borrow against the very same asset (your home's equity) using a HELOC to pay off the mortgage against the same asset? How the hell does this work. Please explain this because this seems very counterintuitive. Not to mention the HELOC will probably be a higher interest rate then your conventional home mortgage?
you are replacing your current mtg. with a HELOC. IF you have any equity, you may be able to have that available to you. If you don't have equity, just refinance your mtg. with a HELOC and have your paychecks and any other income deposited straight to the HELOC acct. then use the checks, debit card, or electronic bill pay attached to your HELOC to pay your bills ie: car loan, grocery, electric, etc...whatever you were paying from checking before. If you spend less than you make...the difference will reduce your interest cost on the HELOC significantly.
Interest rate doesnt matter. Its the total interest that should concern you. Do the math.
@@thefireman2854 that makes absolutely no sense. A typical HELOC is around 5% and you're charged interest immediately after using it. That's like going to the store and instead of using money you already own (despite inflation rates) you're paying an additional 5% on it. Well actually 5% x whatever you purchased divided by 12
@@johnt8814 Makes perfect sense. 1. watch all the replace your MTG videos. 2. go to the replace your mortgage website and scroll to bottom. 3. choose "HELOC Calculator" 4. watch instructional video on that page to fill out the calculator correctly. 5. If you still do not understand this, you are weak in finance and MTG. knowledge and probably need to contact this you tuber and pay him to help you. Wealthy people have been using this method for decades. I worked for one of the original inventors of HELOCS (Merril Lynch) They used it for their ultra high net worth clients. It wasn't till the 90's that other MTG lenders and banks caught on and offered it to middle income people who utilized it to buy cars and refrigerators....ie putting their home at risk.
@@thefireman2854 why on earth would I have to watch every single mortgage related video of his? When the title of this video is a "how to video" where questions about this "strategy" should have already been answered by the end of it. Yes I can use that online calculator but it's not putting in perspective that interest rates vary based on people's individual income, assets, and credit score etc. This guy is literally saying words but with no concrete numbers to back his claims up. And honestly, I just commented because I'm crunching the numbers and they just don't add up. But way to go going on about attacking my intellectual finance ability because the majority of people watching how to videos is supposed to know what's going on right?
So an add to sell you a home equity loan. This just seems silly to me. If you want to pay your home off, make more and pay more and stop trying to move money around like its a shell game.
Blaine Hight tv
so are you only paying the HELOC payment or are you paying both the original mortgage payment plus the HELOC payment?
Just the HELOC. refinance the original loan into a HELOC, and make available equity you may currently have...but not necessary...a simple refinance of your current mtg to the HELOC is what this program is about.
sounds interesting
Thank you Michael wiil LOOK up 411 that u sent us
Better yet, if your saving so much money just pay down the mortgage (the principal portion). That's what I did and I took advantage of lower interest rate adjustable loans to do just that. Why do you need a HELOC. Sounds like you are trying to make money from HELOC origination fees. I looked into a HELOC and the credit union I'm a member of wanted like $1500 to set it up. What a waste of money. Just double up on your mortgage payments and pay down the principal. Much easier.
John Doe Thank you for offering this very sensible comment. I was getting worried by the other posts that others couldn't see this.
I got a HELOC from M&T bank, 80% of value for a total of $0.00 No origination fee, bank paid for their own appraisal. Shop around, your credit union is not the only institution lending, and just because it's a credit union it's not guaranteed to have the best terms in the market.
John Doe your bank sucks. Most if not all banks have no costs associated with a heloc. Take your business elsewhere because it sounds like YOUR BANK are the scammers 😂😂
John Doe lol my bank didnt charge us a dime for getting a heloc. Using savings acct to pay principal balance will leave you nothing incase you need liquidity. Downside of heloc is that you should have a stable source of income/job until you payoff your house.
Stop calling people homeowners when they have a mortgage. Your bank owns the house you just pay for the up keep
Crazy
Getting a HELOC instead of a traditional mortgage is a bad idea. HELOC are adjustable and not fixed and have a higher rate than a fixed mortgage. Also you have annual fees on a HELOC to add to the expense.
Happy to debate it with you. If you are right and show us a mortgage that can beat a HELOC then we will pay you $1,000. Fair?
Thank you for the offer. However, I am a licensed LO and there is no argument you could use that make me choose a HELOC over a traditional mortgage. HELOCs have many more risks and costs associated with them. Also HELOC can no longer be used as a tax write off, even if in the first position (except if it was use to purchase the home).
I knew you were. We have LO's do it all the time and never want to take us up on the call. Also, you are wrong on the tax write-offs regarding HELOC's according to the IRS. For everyone who will read this comment thread, here is one of our most popular videos of me calling a loan officer like John above. I think you will be shocked at how the call ends. Enjoy. th-cam.com/video/aPqrCrREUuo/w-d-xo.html
irs.gov, " The Tax Cuts and Jobs Act of 2017, enacted Dec. 22, suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of credit, unless they are used to buy, build or substantially improve the taxpayer’s home that secures the loan."
Again, offered to debate you on the podcast. The offer is always open to you.
why not just live debt free??
Why not do both? What they are talking about isnt debt, debt is a liability, not an asset.
You're welcome to it...
Because not everyone has 500k cash for a home.
Wow this told me NOTHING
Interesting....or you can just buy long term CD instead.....
Works for folks who don’t believe in investing.
Send me more 411 this 411 is very important 4 us please more 411 on how 2 pay my mortgage of fast thank u
Thank u sir
@ReplaceYourMortgage
th-cam.com/video/kz8okb5rk-g/w-d-xo.html
Could you make a video to talk to briefly Dave's two main concerns?:
1. The Bank can call the loan anytime they want
2. The interest rate is variable
Thanks for the good discussion about HELOCs!
We just shot that this morning. Will have it uploaded next week.
This was literally the least informational video on this subject that I’ve ever watched. There was literally no information in this other than hey, this is an option.
Sorry about that Arielle. We have tons of other videos on the topic that may clear it up for you. We also have a website that can be of great help. www.ReplaceYourMortgage.com we offer a FREE phone consultation.
Also on that site is a FREE book to download with tons of information.
This ad auto played from an article in Fox News. I guess I don't need Fox News any more than I need your ad. I his was just what I needed to find a decent source of news. Thank you.
This is all bad I'm sure.