There is a better way to pay off your home - and it can take less than three years 

Описание: There’s a better way to pay off your home—and it can take less than three years.

It’s called a first lien HELOC (Home Equity Line of Credit).

Here’s how it works:

Instead of making fixed monthly payments on a 30-year loan, you use your income to reduce your loan balance daily.
Interest is calculated on the remaining balance, not an initial lump sum like a traditional mortgage.
You can access your home equity like a bank account, keeping flexibility while still paying off your home faster.

Most people don’t realize that traditional mortgages are designed to benefit the bank, not you.

With a first lien HELOC, more of your money goes toward reducing debt instead of interest.

This strategy works best if you:
Have positive cash flow (income higher than expenses).
Use direct deposit to maximize balance reduction.
Understand how interest calculations work on a HELOC.

Banks won’t advertise this because they make more money on a 30-year mortgage.

Would you pay off your home in three years instead of 30 if you knew how?

#financialfreedom #mortgagetips #smartinvesting