CAN YOU TAKE OUT HOME EQUITY AND USE IT TO PAY YOUR MORTGAGE?

CAN YOU TAKE OUT HOME EQUITY AND USE IT TO PAY YOUR MORTGAGE?

The P.I.L.L. Method Channel

1 месяц назад

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Can you take out home equity to pay your mortgage? Absolutely, and here’s how it works. This strategy started in Australia and is now used globally, including in the US with the "all-in-one mortgage."

Here's the concept: Let's say you have a 3% mortgage and can borrow $10,000 from a home equity line of credit at 10%. Borrowing $10,000 at 10% costs you $1,000 in interest for a year. If you apply this $10,000 to your mortgage, it might save you 17 months and $14,000 in interest.

Would you spend $1,000 to save $14,000? That’s the power of arbitrage in this context.

Our system takes it further by calculating the exact amount to move, the best day, month, and specific loan to apply it to, optimizing your interest savings. This ensures you save the maximum amount of interest possible.

Get a FREE Savings & Earnings Report! https://bit.ly/3QqmPx5 Watch & Subscribe to the PILL Method Youtube Channel! https://bit.ly/4aRITIy

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