Why a Mortgage Was Never Designed to Work in Your Favor

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Издатель
A mortgage was created in 1916 to generate deposits for banks. Not to help you build wealth. That's the origin of the product and the structure reflects it.

Every payment you make on a closed end mortgage locks equity away. If an emergency comes up or an opportunity presents itself, that capital is inaccessible without going back to the bank and asking permission through a refinance or a new loan.

A home equity line of credit on simple interest changes that. You get a similar or better result on paying down the balance and you maintain full liquidity the entire time. In a digital world, access to that equity takes five minutes.

Same goal. Completely different structure.
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