That guy that wrote that pdf and backs it is Edward Griffin the author of The Creature from Jekyll Island: A Second Look at the Federal Reserve.
So… Sorry, it doesn’t impress.
4plexowner Because the HELOC is short term money it COSTs less than the long term mortgage money even though the interest rate is higher on the HELOC (interesting concept that I haven’t fully grasped yet)
They spin it with ‘duration’. The problem is that you are carrying a revolving balance.. so the duration is actually full term. You compare from time period to time period, analyzing total debt/assets. It doesn’t work.
You should notice that this ‘MMA program’ shows many similar characteristics of other snake-oil programs. You profit greatly from some proprietary process that took years to tune…. YAWN, seen it before
Ucodegen, I’m not a rep nor do I have any interest in this program. According to your statement… but this is the internet.. I have no proof of that, and you have rarely if ever posted on other matters.
You once again are quick to spout off without doing your homework. Page 3 and 4 addresses your concern about a “higher rate”.
Sorry, I have done the homework. This is why I have the assets I have and can buy a house with cash, if I so desire. There are some other people (probably quite a few) that are in the same situation on this board. We are not hungering for some magic to make the mortgage costs go down.
