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If you could pay off your mortgage in even a third of the time instead of waiting thirty years to pay it off, wouldn't you want to know how to do that? It's possible with the right home loan. While it may seem unbelievable, it comes down to math and a little education that banks prefer homeowners not know about. Michael Lush, a mortgage originator with fifteen years of experience in helping consumers get into their dream homes, stumbled upon a strategy used by the wealthy to finance their homes using lines of credit. Teaming up with his co-author, David Dutton, Lush now teaches future and present homeowners, as well as successful real estate investors, how to use a simple home equity line of credit (HELOC) to pay off a home in 5-7 years.
In this book, you'll learn: - The case against a mortgage from a 15-year mortgage veteran - Why making extra payments on a mortgage vs. a HELOC is still slower and also locks your money up until you sell your home - 2 important reasons why this strategy isn't more well-known - How to pay off a home faster even if you have very little equity - 5 powerful resources that will help you get started quickly to becoming mortgage-free - The pros and cons of a HELOC - The deadly mistakes homeowners make when using a HELOC - How to build a real estate empire - How to buy a vacation home and pay it off quickly (See chapter 9)
The authors argue that while it may seem unbelievable, this strategy comes down to math and a little education that banks prefer homeowners not know about. They believe that by using a HELOC, homeowners can pay off their homes in a fraction of the time it would take with a traditional mortgage. The book provides a comprehensive guide to this approach, addressing the potential drawbacks and mistakes to avoid, as well as outlining the steps to achieve financial freedom through real estate.
Before you even think about signing on for a thirty-year mortgage, the authors strongly recommend reading this book and checking out their popular YouTube channel. The information presented could potentially save you thousands of dollars and years of payments, making it a must-read for anyone considering a home purchase or looking to accelerate their mortgage payoff.
product information:
Attribute | Value | ||||
---|---|---|---|---|---|
publisher | CreateSpace Independent Publishing Platform (April 21, 2016) | ||||
language | English | ||||
paperback | 130 pages | ||||
isbn_10 | 1532880448 | ||||
isbn_13 | 978-1532880445 | ||||
item_weight | 7 ounces | ||||
dimensions | 5.98 x 0.31 x 9.02 inches | ||||
best_sellers_rank | #115,414 in Books (See Top 100 in Books) #32 in Mortgages (Books) | ||||
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