[ucodegen]

The particular company that first exposed this to me hasn’t produced an eval copy as of yet, but I found a ringing endorsement for the concept.

Don’t care about the ringing endorsement. The numbers don’t work out because the HELOC is more expensive per month.

In God We Trust, for all else bring data.

Numbers??

[ucodegen]

The particular company that first exposed this to me hasn’t produced an eval copy as of yet, but I found a ringing endorsement for the concept.

Don’t care about the ringing endorsement. The numbers don’t work out because the HELOC is more expensive per month.

In God We Trust, for all else bring data.

Numbers??

[ucodegen]

@Raybyrnes

Here are some interesting links:

Employee Stock Options Fact Sheet
The Investment FAQ
How Stocks and the Stock Market Work
Stock Links

You’re links don’t seem to be working… what are the raw URLs?

[ucodegen]

@Raybyrnes

Here are some interesting links:

Employee Stock Options Fact Sheet
The Investment FAQ
How Stocks and the Stock Market Work
Stock Links

You’re links don’t seem to be working… what are the raw URLs?

[ucodegen]

@Raybyrnes

Here are some interesting links:

Employee Stock Options Fact Sheet
The Investment FAQ
How Stocks and the Stock Market Work
Stock Links

You’re links don’t seem to be working… what are the raw URLs?

[ucodegen]

@Raybyrnes

Here are some interesting links:

Employee Stock Options Fact Sheet
The Investment FAQ
How Stocks and the Stock Market Work
Stock Links

You’re links don’t seem to be working… what are the raw URLs?

[ucodegen]

So from what I understand the HELOC gives you the extra money to be able to drop a very large payment at certain times to enable you to shorten the life of the loan.

The problem is that you trade one loan for another. Monthly carry costs on the HELOC are higher than on the mortgage. HELOCs are recourse while purchase mortgages are not. This means that if you default on a purchase mortgage, you can walk away from the property w/o getting skinned (other than losing the property). If it is a recourse loan, the bank gets the property and then hunts you down for any remaining balance(while racking up huge default fees) and or later 1099’s you for the whole mess.. which means you owe Uncle Sam on taxes for loan forgiveness realized as income.

Before anyone says I don’t know what I am talking about on the above, Google on recourse/non-recourse loans and 1099s.

thanks for actually looking at this for yourself instead of assuming you know how it works…i’m with you so far in regards to how it appears

You assume I didn’t read it? Even though I went so far as to look up info on one of the people making statements about the program? as well as the program itself? Don’t assume someone hasn’t read it because they disagree and has read it because they agree with your impressions on the program. Here’s a warning on the MMA program

Here is a link on the program itself, and it is also why I am calling the HELOC a revolving line of credit

FYI: for know it all (ucodegen)…i just emailed the realtor that first exposed this to me a few months back and i’m asking him for an evaluation copy of the software…if they are worth their salt this should be easily attained….
Cool. Invent a salary, salary variance, pseudo mortgage, pseudo budget and all that, then I’ll run a side by side using a strict excess capital paydown but your source numbers for the above. I am stating pseudo because I don’t think people want to reveal their personal finances. It will also allow the generation of several scenarios.

[ucodegen]

So from what I understand the HELOC gives you the extra money to be able to drop a very large payment at certain times to enable you to shorten the life of the loan.

The problem is that you trade one loan for another. Monthly carry costs on the HELOC are higher than on the mortgage. HELOCs are recourse while purchase mortgages are not. This means that if you default on a purchase mortgage, you can walk away from the property w/o getting skinned (other than losing the property). If it is a recourse loan, the bank gets the property and then hunts you down for any remaining balance(while racking up huge default fees) and or later 1099’s you for the whole mess.. which means you owe Uncle Sam on taxes for loan forgiveness realized as income.

Before anyone says I don’t know what I am talking about on the above, Google on recourse/non-recourse loans and 1099s.

thanks for actually looking at this for yourself instead of assuming you know how it works…i’m with you so far in regards to how it appears

You assume I didn’t read it? Even though I went so far as to look up info on one of the people making statements about the program? as well as the program itself? Don’t assume someone hasn’t read it because they disagree and has read it because they agree with your impressions on the program. Here’s a warning on the MMA program

Here is a link on the program itself, and it is also why I am calling the HELOC a revolving line of credit

FYI: for know it all (ucodegen)…i just emailed the realtor that first exposed this to me a few months back and i’m asking him for an evaluation copy of the software…if they are worth their salt this should be easily attained….
Cool. Invent a salary, salary variance, pseudo mortgage, pseudo budget and all that, then I’ll run a side by side using a strict excess capital paydown but your source numbers for the above. I am stating pseudo because I don’t think people want to reveal their personal finances. It will also allow the generation of several scenarios.

[ucodegen]

So from what I understand the HELOC gives you the extra money to be able to drop a very large payment at certain times to enable you to shorten the life of the loan.

The problem is that you trade one loan for another. Monthly carry costs on the HELOC are higher than on the mortgage. HELOCs are recourse while purchase mortgages are not. This means that if you default on a purchase mortgage, you can walk away from the property w/o getting skinned (other than losing the property). If it is a recourse loan, the bank gets the property and then hunts you down for any remaining balance(while racking up huge default fees) and or later 1099’s you for the whole mess.. which means you owe Uncle Sam on taxes for loan forgiveness realized as income.

Before anyone says I don’t know what I am talking about on the above, Google on recourse/non-recourse loans and 1099s.

thanks for actually looking at this for yourself instead of assuming you know how it works…i’m with you so far in regards to how it appears

You assume I didn’t read it? Even though I went so far as to look up info on one of the people making statements about the program? as well as the program itself? Don’t assume someone hasn’t read it because they disagree and has read it because they agree with your impressions on the program. Here’s a warning on the MMA program

Here is a link on the program itself, and it is also why I am calling the HELOC a revolving line of credit

FYI: for know it all (ucodegen)…i just emailed the realtor that first exposed this to me a few months back and i’m asking him for an evaluation copy of the software…if they are worth their salt this should be easily attained….
Cool. Invent a salary, salary variance, pseudo mortgage, pseudo budget and all that, then I’ll run a side by side using a strict excess capital paydown but your source numbers for the above. I am stating pseudo because I don’t think people want to reveal their personal finances. It will also allow the generation of several scenarios.

[ucodegen]

So from what I understand the HELOC gives you the extra money to be able to drop a very large payment at certain times to enable you to shorten the life of the loan.

The problem is that you trade one loan for another. Monthly carry costs on the HELOC are higher than on the mortgage. HELOCs are recourse while purchase mortgages are not. This means that if you default on a purchase mortgage, you can walk away from the property w/o getting skinned (other than losing the property). If it is a recourse loan, the bank gets the property and then hunts you down for any remaining balance(while racking up huge default fees) and or later 1099’s you for the whole mess.. which means you owe Uncle Sam on taxes for loan forgiveness realized as income.

Before anyone says I don’t know what I am talking about on the above, Google on recourse/non-recourse loans and 1099s.

thanks for actually looking at this for yourself instead of assuming you know how it works…i’m with you so far in regards to how it appears

You assume I didn’t read it? Even though I went so far as to look up info on one of the people making statements about the program? as well as the program itself? Don’t assume someone hasn’t read it because they disagree and has read it because they agree with your impressions on the program. Here’s a warning on the MMA program

Here is a link on the program itself, and it is also why I am calling the HELOC a revolving line of credit

FYI: for know it all (ucodegen)…i just emailed the realtor that first exposed this to me a few months back and i’m asking him for an evaluation copy of the software…if they are worth their salt this should be easily attained….
Cool. Invent a salary, salary variance, pseudo mortgage, pseudo budget and all that, then I’ll run a side by side using a strict excess capital paydown but your source numbers for the above. I am stating pseudo because I don’t think people want to reveal their personal finances. It will also allow the generation of several scenarios.

[ucodegen]

You also haven’t used it, so everything you say is basically useless. If you don’t have anything constructive to add then go do something constructive, go play with you kids, workout (I’m sure you need it).

Resorting to insults when logic fails…. I added plenty constructive info(review the posts at your liesure). As for having to use it to find out if it useful? WRONG. I know how loans work.. all I have to know is that side to know if any program can make the loans go away faster without any prepay. I also have a very strong math background (Engineering before Investment).

[ucodegen]

You also haven’t used it, so everything you say is basically useless. If you don’t have anything constructive to add then go do something constructive, go play with you kids, workout (I’m sure you need it).

Resorting to insults when logic fails…. I added plenty constructive info(review the posts at your liesure). As for having to use it to find out if it useful? WRONG. I know how loans work.. all I have to know is that side to know if any program can make the loans go away faster without any prepay. I also have a very strong math background (Engineering before Investment).

[ucodegen]

You also haven’t used it, so everything you say is basically useless. If you don’t have anything constructive to add then go do something constructive, go play with you kids, workout (I’m sure you need it).

Resorting to insults when logic fails…. I added plenty constructive info(review the posts at your liesure). As for having to use it to find out if it useful? WRONG. I know how loans work.. all I have to know is that side to know if any program can make the loans go away faster without any prepay. I also have a very strong math background (Engineering before Investment).

[ucodegen]

You also haven’t used it, so everything you say is basically useless. If you don’t have anything constructive to add then go do something constructive, go play with you kids, workout (I’m sure you need it).

Resorting to insults when logic fails…. I added plenty constructive info(review the posts at your liesure). As for having to use it to find out if it useful? WRONG. I know how loans work.. all I have to know is that side to know if any program can make the loans go away faster without any prepay. I also have a very strong math background (Engineering before Investment).

[ucodegen]

I wish somebody had a copy of one of these programs so the know it all (ucodegen) could do a sound analysis.

Me too.. but I am not going to front the money because it fails my basic sniff test.. and that of several other people who posted… and it fails Suzi Orman’s sniff test too…

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