A Quick Mortgage Freedom Hack!

You take your entire paycheck, you deposit it into the home equity line of credit to pay down your mortgage. You then write all of the checks for your bills out of the home equity line of credit. You use money from your home equity line of credit to pay your mortgage, your electric bill, all your other bills. You will pay off your mortgage depending on how much money you make in somewhere between 3 and 12 years instead of 30 years. Whatever you do, don't ever refinance a mortgage. Refiing a mortgage to get a lower payment is a con job. They tell you, the bank tells you. The storyline they give you is that, well, you re. You get a, you get a home equity line of credit to lower your payments, but you buy into that. But what they know that they're not telling you is when you refinance that mortgage, you restart the terms of the loan. So now It's a new 30 years. And the majority of the payments for the at least the first seven years goes to interest. So you're going to end up paying more at a lower interest rate with a lower payment on a refi than you would have ended up paying the bank if you had just kept on making the same old mortgage payment.