rockfl9 Posted February 6, 2015 Report Share Posted February 6, 2015 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. Link to comment Share on other sites More sharing options...
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