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All Forum Posts by: Joseph Liechty

Joseph Liechty has started 1 posts and replied 2 times.

Innovative Strategies

Post: Using HELOC to pay off mortgage

Joseph LiechtyPosted
  • Investor
  • Louisville, KY
  • Posts 2
  • Votes 0

Hello,

Does anyone have experience using a HELOC to pay down a mortgage? I recently heard about this strategy and I'm intrigued. I don't understand how this is more beneficial than just paying more towards the principle every month since I would have to pay interest on the HELOC money and I don't have to do that when I pay extra principle out of my pocket. Is the benefit the amount you are able to contribute up front as it reduces the amount of amortized interest over time? I'm not a real estate agent nor a CPA so English please when responding.

Thanks for any help!

0 Votes
Real Estate Events & Meetups

Post: Investors Meetup in Louisville Ky - Landlord/Management Tips

Joseph LiechtyPosted
  • Investor
  • Louisville, KY
  • Posts 2
  • Votes 0

Just joined this site- has it already happened?

0 Votes