She thought she found another lender offering the same First Lien HELOC.
It wasn’t the same.
Different structure.
Different draw period.
Different interest calculation.
Different outcome.
You can’t compare:
• A second-position HELOC
• A short draw line
• A teaser rate product
To a true First Lien HELOC strategy.
That’s apples to oranges.
Don’t shop rate.
Shop structure.
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Most homeowners donate six figures to the bank because of their loan structure. I use a First Lien HELOC to potentially cut decades off of your mortgage and save hundreds of thousands of dollars in interest without raising monthly payments.
It wasn’t the same.
Different structure.
Different draw period.
Different interest calculation.
Different outcome.
You can’t compare:
• A second-position HELOC
• A short draw line
• A teaser rate product
To a true First Lien HELOC strategy.
That’s apples to oranges.
Don’t shop rate.
Shop structure.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Most homeowners donate six figures to the bank because of their loan structure. I use a First Lien HELOC to potentially cut decades off of your mortgage and save hundreds of thousands of dollars in interest without raising monthly payments.
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