Home › Forums › Financial Markets/Economics › Payoff Mortgage in 1/3 the time without doing anything different?
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November 4, 2007 at 7:34 PM #95552November 4, 2007 at 7:34 PM #95559JumbyParticipant
Yes, 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.
November 4, 2007 at 7:34 PM #95568JumbyParticipantYes, 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.
November 4, 2007 at 7:36 PM #954974plexownerParticipantThe program starts with the assumption that you have a chunk of money sitting in the bank not doing anything
You pay down the principle on your mortgage with this chunk of money and then take out a HELOC – the HELOC is used for all your day-to-day checking activity and you deposit your paychecks into this account
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)
The software tells you when to send in your HELOC and mortgage payments in order to maximize the difference between the short and long term cost of the two loans
Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty
November 4, 2007 at 7:36 PM #955534plexownerParticipantThe program starts with the assumption that you have a chunk of money sitting in the bank not doing anything
You pay down the principle on your mortgage with this chunk of money and then take out a HELOC – the HELOC is used for all your day-to-day checking activity and you deposit your paychecks into this account
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)
The software tells you when to send in your HELOC and mortgage payments in order to maximize the difference between the short and long term cost of the two loans
Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty
November 4, 2007 at 7:36 PM #955634plexownerParticipantThe program starts with the assumption that you have a chunk of money sitting in the bank not doing anything
You pay down the principle on your mortgage with this chunk of money and then take out a HELOC – the HELOC is used for all your day-to-day checking activity and you deposit your paychecks into this account
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)
The software tells you when to send in your HELOC and mortgage payments in order to maximize the difference between the short and long term cost of the two loans
Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty
November 4, 2007 at 7:36 PM #955714plexownerParticipantThe program starts with the assumption that you have a chunk of money sitting in the bank not doing anything
You pay down the principle on your mortgage with this chunk of money and then take out a HELOC – the HELOC is used for all your day-to-day checking activity and you deposit your paychecks into this account
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)
The software tells you when to send in your HELOC and mortgage payments in order to maximize the difference between the short and long term cost of the two loans
Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty
November 4, 2007 at 7:39 PM #95503JumbyParticipantUcodegen, I’m not a rep nor do I have any interest in this program. As a matter of fact the youtube videos are for Equity Genie and the pdf is from United First Financial. If I had any kind of interest in either of those companies I would have hid the material of the one I didn’t have an interest in.
You once again are quick to spout off without doing your homework. Page 3 and 4 addresses your concern about a “higher rate”.
November 4, 2007 at 7:39 PM #95557JumbyParticipantUcodegen, I’m not a rep nor do I have any interest in this program. As a matter of fact the youtube videos are for Equity Genie and the pdf is from United First Financial. If I had any kind of interest in either of those companies I would have hid the material of the one I didn’t have an interest in.
You once again are quick to spout off without doing your homework. Page 3 and 4 addresses your concern about a “higher rate”.
November 4, 2007 at 7:39 PM #95567JumbyParticipantUcodegen, I’m not a rep nor do I have any interest in this program. As a matter of fact the youtube videos are for Equity Genie and the pdf is from United First Financial. If I had any kind of interest in either of those companies I would have hid the material of the one I didn’t have an interest in.
You once again are quick to spout off without doing your homework. Page 3 and 4 addresses your concern about a “higher rate”.
November 4, 2007 at 7:39 PM #95574JumbyParticipantUcodegen, I’m not a rep nor do I have any interest in this program. As a matter of fact the youtube videos are for Equity Genie and the pdf is from United First Financial. If I had any kind of interest in either of those companies I would have hid the material of the one I didn’t have an interest in.
You once again are quick to spout off without doing your homework. Page 3 and 4 addresses your concern about a “higher rate”.
November 4, 2007 at 7:40 PM #95506salo_tParticipant“Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty”
Correct me if I’m wrong but isn’t that big chunk of money the HELOC? Part of the plan is securing a HELOC to get the ball rolling at least thats what I get out of it.
November 4, 2007 at 7:40 PM #95562salo_tParticipant“Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty”
Correct me if I’m wrong but isn’t that big chunk of money the HELOC? Part of the plan is securing a HELOC to get the ball rolling at least thats what I get out of it.
November 4, 2007 at 7:40 PM #95572salo_tParticipant“Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty”
Correct me if I’m wrong but isn’t that big chunk of money the HELOC? Part of the plan is securing a HELOC to get the ball rolling at least thats what I get out of it.
November 4, 2007 at 7:40 PM #95578salo_tParticipant“Interesting idea but it does appear to be based on the assumption that you have a chunk of money somewhere that’s getting dusty”
Correct me if I’m wrong but isn’t that big chunk of money the HELOC? Part of the plan is securing a HELOC to get the ball rolling at least thats what I get out of it.
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