[Raybyrnes]

ucodegen

“HELOCs don’t have a positive yield.. they have a cost. You get charged the interest… it is not paid to you. The interest rate charged on an HELOC is higher than a standard mortgage.”

This analyis is biased and not universally true. If I am an investor and have a brokerage account that offers me a a margin rate then relative to the HELOC the heloc is a saving and not an expense.

If I am comparing it to a fixed rate mortgage taken out 3 or 4 yers ago then it is an expense. You are viewing this thing in a vacuum and not considering the big picture. To me that leaves your mindset closed off and gives 0 credibility to your analysys. Your are going to defend your point to the very end even if information is contrary to your point.

I am in the camp of most of the posters her ethat sure their might be some ability of this working for you but that I could probably manage this on my own without Accelerator program.

[Raybyrnes]

ucodegen

“HELOCs don’t have a positive yield.. they have a cost. You get charged the interest… it is not paid to you. The interest rate charged on an HELOC is higher than a standard mortgage.”

This analyis is biased and not universally true. If I am an investor and have a brokerage account that offers me a a margin rate then relative to the HELOC the heloc is a saving and not an expense.

If I am comparing it to a fixed rate mortgage taken out 3 or 4 yers ago then it is an expense. You are viewing this thing in a vacuum and not considering the big picture. To me that leaves your mindset closed off and gives 0 credibility to your analysys. Your are going to defend your point to the very end even if information is contrary to your point.

I am in the camp of most of the posters her ethat sure their might be some ability of this working for you but that I could probably manage this on my own without Accelerator program.

[Raybyrnes]

I think what they are saying when they present cutting the payment time in half without making any changes is that you are not makig changes to your consumption. It is just taht all of your now discretionary income is going to the loan innessense giving you a payback of whatever thye intest expense is on the loan.

I wouln’t say it is the baffle them with bullshit but I would tend to agree tht a lot of this stuff is way easier to manage these days with online billpay and automatic payment . We are not in the days of checking anymore.

But it is funny how this is backwards. By this I mean the people who benefit the most are the undisciplined people but they have no discipline so it won;’t work.

The disciplined people don’t have as much benefit because of their discipline but they can generate positive gains from the program even if they are marginal gains.

[Raybyrnes]

I think what they are saying when they present cutting the payment time in half without making any changes is that you are not makig changes to your consumption. It is just taht all of your now discretionary income is going to the loan innessense giving you a payback of whatever thye intest expense is on the loan.

I wouln’t say it is the baffle them with bullshit but I would tend to agree tht a lot of this stuff is way easier to manage these days with online billpay and automatic payment . We are not in the days of checking anymore.

But it is funny how this is backwards. By this I mean the people who benefit the most are the undisciplined people but they have no discipline so it won;’t work.

The disciplined people don’t have as much benefit because of their discipline but they can generate positive gains from the program even if they are marginal gains.

[Raybyrnes]

I think what they are saying when they present cutting the payment time in half without making any changes is that you are not makig changes to your consumption. It is just taht all of your now discretionary income is going to the loan innessense giving you a payback of whatever thye intest expense is on the loan.

I wouln’t say it is the baffle them with bullshit but I would tend to agree tht a lot of this stuff is way easier to manage these days with online billpay and automatic payment . We are not in the days of checking anymore.

But it is funny how this is backwards. By this I mean the people who benefit the most are the undisciplined people but they have no discipline so it won;’t work.

The disciplined people don’t have as much benefit because of their discipline but they can generate positive gains from the program even if they are marginal gains.

[Raybyrnes]

I think what they are saying when they present cutting the payment time in half without making any changes is that you are not makig changes to your consumption. It is just taht all of your now discretionary income is going to the loan innessense giving you a payback of whatever thye intest expense is on the loan.

I wouln’t say it is the baffle them with bullshit but I would tend to agree tht a lot of this stuff is way easier to manage these days with online billpay and automatic payment . We are not in the days of checking anymore.

But it is funny how this is backwards. By this I mean the people who benefit the most are the undisciplined people but they have no discipline so it won;’t work.

The disciplined people don’t have as much benefit because of their discipline but they can generate positive gains from the program even if they are marginal gains.

[Raybyrnes]

patientlywaiting
“The only way Jumby’s idea would work is if the whole mortgage were a line a credit that borrowers could pay down and draw upon (up to an approved limit) whenever they wished (Idea for more innovation in the mortgage industry?).”

I think that is the idea but they are itemizing it out. You could probably throw the take the acceleration further if rathe than using the line of credit you threw a few 0% credit cards into the fold. That would allow you to apply almost 100 % of your pay check toward the paydown of the loan and then at the end of the year use the LOC to pay back the credit card and then rinse and repeat the process.

[Raybyrnes]

patientlywaiting
“The only way Jumby’s idea would work is if the whole mortgage were a line a credit that borrowers could pay down and draw upon (up to an approved limit) whenever they wished (Idea for more innovation in the mortgage industry?).”

I think that is the idea but they are itemizing it out. You could probably throw the take the acceleration further if rathe than using the line of credit you threw a few 0% credit cards into the fold. That would allow you to apply almost 100 % of your pay check toward the paydown of the loan and then at the end of the year use the LOC to pay back the credit card and then rinse and repeat the process.

[Raybyrnes]

patientlywaiting
“The only way Jumby’s idea would work is if the whole mortgage were a line a credit that borrowers could pay down and draw upon (up to an approved limit) whenever they wished (Idea for more innovation in the mortgage industry?).”

I think that is the idea but they are itemizing it out. You could probably throw the take the acceleration further if rathe than using the line of credit you threw a few 0% credit cards into the fold. That would allow you to apply almost 100 % of your pay check toward the paydown of the loan and then at the end of the year use the LOC to pay back the credit card and then rinse and repeat the process.

[Raybyrnes]

patientlywaiting
“The only way Jumby’s idea would work is if the whole mortgage were a line a credit that borrowers could pay down and draw upon (up to an approved limit) whenever they wished (Idea for more innovation in the mortgage industry?).”

I think that is the idea but they are itemizing it out. You could probably throw the take the acceleration further if rathe than using the line of credit you threw a few 0% credit cards into the fold. That would allow you to apply almost 100 % of your pay check toward the paydown of the loan and then at the end of the year use the LOC to pay back the credit card and then rinse and repeat the process.

[Raybyrnes]

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.

[Raybyrnes]

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.

[Raybyrnes]

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.

[Raybyrnes]

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.

[Raybyrnes]

I don’t want any negative feedback about the Yanks telling you to buy anything but I would say that the following might be a good starting point.

You can probably vie the floorplans at Standard Pacific Website

Bridgewalk at Del Sur

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