Posts Tagged ‘traditional mortgage’
How Craig in Tennessee Bought Three Rental Properties and Topped $1 Million in Assets
What was your mortgage situation prior to starting with Replace Your Mortgage? We had a traditional mortgage on our primary home, which we purchased for $395,000. When we joined RYM, we owed about $316,000 on the primary mortgage on a 20-year note, and our only “asset” was the home, so we had $395,000 in assets.…
Read MoreHow Long After You Purchase A Home Can You Get A HELOC?
So you have done your research and found out the shocking truth that using a home equity line of credit (heloc) will allow you to pay off your home faster. Good for you. The problem is you just purchased a home so how long do you have to wait before you can get into a…
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