Why Aren't More People Using the HELOC Strategy to Replace Their Mortgage?

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  • Опубліковано 1 гру 2024

КОМЕНТАРІ • 20

  • @kenvicknair4880
    @kenvicknair4880 6 місяців тому +7

    I did what you suggested in 2017. Your company had ebook that I devoured. After convincing myself that this would work, I got a HELOC. The loan balance just melted away. In my mind if I went too strong with my payments I knew I had instant liquidity. I’m happy to say that it took me a little over 6 years to eliminate my debt. Since then, I’ve used it for a life event. That balance is now rapidly being reduced. This method unequivocally works!

    • @ReplaceYourUniversity
      @ReplaceYourUniversity  5 місяців тому +1

      Thank you so much for this testimonial. We really appreciate your encouraging words. Thanks for sticking with us!

  • @chadsurprise4534
    @chadsurprise4534 Місяць тому

    Can you do this with a commercial property that is paid for?

  • @maureensmith5344
    @maureensmith5344 Місяць тому

    First time watching thanks for the information. How do i get an heloc on an investment property.

  • @Michaelhdzz
    @Michaelhdzz 6 місяців тому

    First time watching your channel. Definitely gonna stick around and see what else you got man. Good vid!!!

  • @anthonybracey1591
    @anthonybracey1591 Місяць тому +2

    good Info

  • @bobbystreateriii3333
    @bobbystreateriii3333 6 місяців тому

    Thank you from Tallahassee, Florida. TRUTH!

  • @christapovec
    @christapovec 6 місяців тому

    I am all about this method, living in Texas with their governing rules about HELOC makes it very challenging

    • @ReplaceYourUniversity
      @ReplaceYourUniversity  5 місяців тому

      The only real difference in Texas that matters is they cap the LTV at 80% where other states can go to 90% or even 100%.

  • @diamondfocused3313
    @diamondfocused3313 Місяць тому

    What if I have interest rate of 2.86% why would I want to HL. I can 5.99% fixed for 12 months. TY

    • @ReplaceYourUniversity
      @ReplaceYourUniversity  Місяць тому

      Don't focus on the interest rate. That dictates your payment. Focus on the total interest percentage by driving down balance and decreasing term/length of debt service.

  • @0867G
    @0867G 11 днів тому

    How can I get in touch with you for more info?

  • @ObscureManifesto
    @ObscureManifesto 6 місяців тому

    Can't do this in Texas unfortunately.

  • @josuemondragon6639
    @josuemondragon6639 6 місяців тому

    I spoke to my mortgage lender and they said it is not possible.

    • @cyndilee5862
      @cyndilee5862 2 місяці тому

      They don’t want you to pay off your mortgage..that is why they told you that!