Q RE Recent Blog Article on Mortgage Paydown
In one of the most recent blog articles (I just received an email yesterday pointing me to it), the author (@Dave Van Horn) discussed using a HELOC as a sweep account.
It's method #3 in the following link.
https://www.biggerpockets.com/renewsblog/eliminate...
This sounds to me like using a HELOC to make payments on the primary mortgage. But a HELOC would typically have a higher interest rate than that of thr primary mortgage.
So how would this be a benefit? What am I missing?
TIA!