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Pay off your mortgage in 5-7 years ???


rockfl9
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The program oversimplifies the process..

A few people in my investment club have been doing this for 4-8 years ( and still most have not paid off)

Most important , if you have the very best credit you can only get a HELOC for 80% of the EQUITY you have in the home. Means , you you must be more than half way thru 30 yr mortgage to begin and have some appreciation.

Next , you must be able to bank on line and keep track of the funds in checking account. One or two overdraft fees will kill any gain for the month.  

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