SD Realtor
Their are lot’s of columnist who wirte very astute columns. I personally enjoy Jonathan Clements so I don’t see why this would be sketchy.
Again this is like one of those pictures that you ahve to stare at for a while for the picture to come out.
You are focusing only on the rate. The way we typically pay things is at the end of a month. This type of accelerator product is differnt. It immediately applies all of your pay check toward the loan reducing the Outstanding principal balance. Then your are drawing from you line of creit as you go. Your expense if this is managed effectively should be less not more even with a slightly higher rate. Now as to what the break even would need to be on the rates that would be a great question.
