Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Texas Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

155
Posts
31
Votes
Austin Bright
31
Votes |
155
Posts

Is it possible to use a 0% APR loan to accelerate amortization?

Austin Bright
Posted

Say the following:

1 I live in a duplex and rent out the other side

2 I take out a 0% interest loan/credit card and pay the principle (ahead of schedule)

3 I "pause the mortgage" (ie "Mortgage Forbearance")

4 I use money from my tenant to pay off the 0% rate loan credit card while my mortgage is "paused"

5 Once the credit card is paid, continue as normal?

Is this something people have done to get equity up front? Is it even possible

Loading replies...