Aloha from Hilo Hawaii

[Aaron Crabtree]

Hi my name is Aaron. I was watching videos on YouTube and saw a brief ad i was going to skip ASAP, but something caught my attention. A guy in front of a chalk board saying you could pay your mortgage off in 5-7 years. From replaceyourmortgage.com. I'm usually a very skeptical person. So I read the free ebook and started thinking I could use a HELOC and actually pay off my house within 10 years. It made sense to me. Watching HELOC videos on youtube led me to finding bigger pockets which I have listened to many podcasts now and despite never thinking seriously about RE investing, I am intrigued about the prospect of financial freedom. So I mostly am writing in the forum to get advice on how to structure a HELOC. I have $100,000 and 26 years left on a 30 year fixed @ 4%. Current market value of property is appx $340,000. I got a quote for a HELOC at 3.5% fixed for 3 years before the variable kicks in for 270,000. I could pay off the mortgage and have $170,000 left for possible investments. Replaceyourmortgage wants a fee that I don't want to pay. So I'm looking for reassurance that the basic philosophy they advocate is actually sound and that I can do it on my own without paying anyone a fee. I'm less than a newbie so sorry for any naivety. Aloha, Aaron.

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