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FilePlace Daniel Weed's FilesLOC vs Mortgage

LOC vs Mortgage

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uploaded by Daniel Weed

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This is a spreadsheet that shows the differences between paying regular mortgage payments, using the velocity banking strategy (making chunk payments to your mortgage with your LOC), and just paying your extra cashflow directly to your mortgage.

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Comments

Dan - can you update the excel to assume the monthly expenses (draw) isn't paid until the last day of the month? I believe this excel is calculating interest on the delta between payment and draw for the entire month, which is not an accurate representation of how the heloc should be utilized to maximize reduced interest cost.

Adam Melon | about 2 months ago