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re: When does it make sense, mathematically, to accelerate mortgage payments?
Posted on 12/6/23 at 5:55 pm to Fat Bastard
Posted on 12/6/23 at 5:55 pm to Fat Bastard
quote:
which is why if u wanna pay it off do it in chunks using velocity banking with a big LOC or HELOC so you always have access to lots of money if it takes you awhile. instead of having it locked away with the mortgage company.
Velocity banking just doesn’t make sense with HELOC rates at 7%+ and mortgage rates at sub-4%. If you can make that math work for us, I’d like to see it.
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