A better way to finance your home!
Call 949-383-7121 for a FREE Analysis
Call 949-383-7121 for a FREE Analysis
A better way to finance your home!
Call 949-383-7121 for a FREE Analysis
Here’s where most homeowners miss the forest for the trees…they obsess over interest rates while ignoring how interest is calculated. This oversight costs the average homeowner over $200,000.
Here’s the truth that makes mortgage bankers uncomfortable: The interest rate on your loan matters far less than how that interest is calculated, and how long you borrow for.
Your “low-rate” mortgage uses amortization, a calculation method designed in the 1930s to ensure banks get paid first. Here’s what they don’t advertise:
On a $300,000 mortgage at 4.5%:
After 10 years of payments ($182,400 paid):
By using “Actual cost of funds” as your decision making criteria about a loan, you bypass the banking industry’s marketing and focus on the total interest you pay over the life of the loan. This depends on three critical factors:
Traditional Mortgage (4.5% rate):
First Lien HELOC (7.5% rate) with Mortgage Free Plan:
The “higher rate” HELOC costs $179,220 LESS in actual interest!
Stop asking “What’s the rate?” Start asking “What will I actually pay?”
A 7.5% First Lien HELOC that you pay off in 7 years costs dramatically less than a 4.5% mortgage you pay for 30 years. This isn’t a scam or trick. It’s simple math combined with a superior calculation method.
The only “scam” is the traditional mortgage system that keeps you paying mostly interest for the first 20 years while your equity remains locked away, inaccessible without expensive refinancing.
Remember: Banks have convinced an entire generation that paying $547,220 for a $300,000 house is “normal.” The First Lien HELOC strategy simply offers an escape from this expensive normalcy.
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