Pay off mortgage with HELOC to save interest

[Greg Revel]

I've seen everyone refer to this process, but then the next minute they're talking about cash out refi with a conventional 30 yr mortgage on the rental. I can't for the life of me figure out why you would want to pay all that extra interest and reduce your bottom line so drastically over 30 years. Am I missing something? I've done several hours of deep dive investigation as well as making an Excel spreadsheet to do all the calculations. It just makes no sense to do a conventional mortgage anymore or again, am I missing something?

[Kelli Wilson]

Quote from @Greg Revel:

@JD Martin, true, but paying the HELOC down with large extra payments affords the instantaneous ability of acquiring another property with no new loan required, making me essentially a cash buyer and all within just a few years. With all the numbers run, my house is paid off in 3.5 years and I have instantaneous access to any available equity immediately at any point throughout those 3 1/2 years if anything bad happens. I just don't see a downside

This is possible, I would recommend looking at the All in One loan for this purpose.