Home › Forums › Financial Markets/Economics › Payoff Mortgage in 1/3 the time without doing anything different?
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anxvariety.
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November 4, 2007 at 6:59 PM #95531November 4, 2007 at 6:59 PM #95537
Raybyrnes
ParticipantThe system factors that you are getting 0 percent on your money sitting in the bank. Right now with little efort you can get 5%.
It also figures that the HELOC debt is going to carry a lower interest rate than what you could get on other credit lines. I have carried over 20K in credit card debt for nearly 5 years and have never paid interest on any of it. Lot of 0% offers out there.
Last but not least I am wondering why I would pay 1000 dollars for a software program when if my goal was to pay my mortge off early I could simply send in an additional payment each month.
November 4, 2007 at 7:05 PM #95473Jumby
Participantpage 3 of the pdf addresses what you said…
November 4, 2007 at 7:05 PM #95530Participantpage 3 of the pdf addresses what you said…
November 4, 2007 at 7:05 PM #95539Participantpage 3 of the pdf addresses what you said…
November 4, 2007 at 7:05 PM #95545Participantpage 3 of the pdf addresses what you said…
November 4, 2007 at 7:21 PM #95482ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.
I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.
November 4, 2007 at 7:21 PM #95540ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.
I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.
November 4, 2007 at 7:21 PM #95546ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.
I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.
November 4, 2007 at 7:21 PM #95554ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.
I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.
November 4, 2007 at 7:32 PM #95490ucodegen
ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt.
With another debt at a higher rate.
Wow, I expect more out of the piggs….so quick to make a call with basic assumptions..
Wrong.. we see through the sales attempt. Debate with logic not sales brochures.
November 4, 2007 at 7:32 PM #95547ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt.
With another debt at a higher rate.
Wow, I expect more out of the piggs….so quick to make a call with basic assumptions..
Wrong.. we see through the sales attempt. Debate with logic not sales brochures.
November 4, 2007 at 7:32 PM #95556ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt.
With another debt at a higher rate.
Wow, I expect more out of the piggs….so quick to make a call with basic assumptions..
Wrong.. we see through the sales attempt. Debate with logic not sales brochures.
November 4, 2007 at 7:32 PM #95564ParticipantI am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt.
With another debt at a higher rate.
Wow, I expect more out of the piggs….so quick to make a call with basic assumptions..
Wrong.. we see through the sales attempt. Debate with logic not sales brochures.
November 4, 2007 at 7:34 PM #95493ParticipantYes, one obviously needs discipline to do this. Let’s pretend for conversation purposes that everybody has discipline and talk about this program.
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.
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