One Year Exam­ple of how to use your

Home Equity Line of Credit

to pay off your mortgage.

The way mort­gage inter­est is cal­cu­lated ver­sus the way a home equity line of credit inter­est is cal­cu­lated is a major rea­son why one can actu­ally use a home equity line of credit to pay off a mort­gage much faster while can­celling boat loads of inter­est charges as well.

Below is a list of 5 dif­fer­ences in the make up of these two home loans. MMA-5-differences-heloc-mortg Read the rest of this entry »

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