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Roy Rodriguez
  • Fresno, CA
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Payoff Your Home In 5-7 Years On Your Current Income

Roy Rodriguez
  • Fresno, CA
Posted Mar 20 2017, 10:15
I understand what you're thinking. This sounds too good to be true or it's a scam or there's got to be a catch right? Nope. We're just using a product that most banks offer. It's a simple Home Equity Line Of Credit (HELOC). You see, most people and even most bankers think of a heloc as a 2nd lien position loan, meaning you only get access to a portion of the equity you have in your home. Well that's furthest from the truth. You can actually refinance your entire mortgage into a 1st lien position heloc and pay it off on average of 5-7 years on your current level of income. Now of course this will only work if you implement the right strategy. Me and my wife have been using this strategy for the past 6 months and we've already paid down our home by $10,000. We will payoff our home in 8 years.