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Updated over 5 years ago on . Most recent reply
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HELOC to pay off Mortgage Faster?
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Originally posted by @Eric Y.:
@Jason Meyers: Like Angela above, I'd like to hear whether this is working. I see lots of discussion around it but never a spreadsheet that shows details for comparison. Did you ever find one?
When I put it in my own spreadsheets I didn't get much for savings, especially when comparing it to the complexity of moving everything around and the risk of going in to more debt.
Go through the 11 pages of the last link mentioned above
Use HELOC to paydown mortgage fast
There are spreadsheets used by different people to support their point of view. If you've any questions, I would PM those individuals directly for help.
Otherwise, we might have another 11 pages of "I'm right and you are wrong" comments.