HLS the MMA and NR scheme are essentially the same. It is really unreal how many people actually pay to do this. They are recruiting agents everywhere to push this product…
So the first thing you do of course is to get a big fat HELOC… Then you purchase the software they have. Basically the “software” does nothing but analyze your monthly cash flow. The idea is that you pay down your primary mortgage early by making additional payments on your balance. If your monthly cash flow happens to be a little bit low in a given month, then you simply take money from the HELOC to push down your balance even more.
Wow is this rocket science or what?
So basically you are spending a few thousand bucks to push yourself more in debt and make early payments on your primary mortgage which most likely will have a better rate then any HELOC you would get.
I may not be absolutely correct but this was the jist of it… after I heard the HELOC part my eyes glazed over and I counted ceiling tiles for the rest of the presentation.
