Using a HELOC to finance your personal residence

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I have just read that it is a smart financial move to finance your personal residence with a Home Equity Line of Credit in a first lien position, and that it would pay off your home in 5 to 7 years.  Does anyone use this method?  If so, how is it working?

The heloc is not necessary.....you simply pay extra each month toward your mtg, more than the regular payment for a 30 year term.....the Whole key to paying it off early is paying Extra each month.