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Updated about 4 years ago on . Most recent reply

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9
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Jennifer Schultz
  • Investor
  • Dubuque, IA
1
Votes |
9
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Replace your mortgage

Jennifer Schultz
  • Investor
  • Dubuque, IA
Posted

I recently came across the company Replace Your Mortgage. They advise you on HELOC products, banks that offer them and strategies to pay off your mortgage quickly and to invest in real estate with other products than traditional mortgages to save money on interest. Has anyone worked with them? If so, could you please share what your experience was and if you would recommend them? Thank you!

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It’s the new smoke and mirrors pitch.......there is nothing magic about a heloc....you are essentially just paying Extra toward your mortgage, which is actually cheaper without using the heloc.

There are multiple threads on here, search Velocity Banking or just heloc.....you’ll get hours of nonsensical reading. 

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