Pay Off Mortgage
26 August 2009
SO WHAT DO I DO WITH MY CREDIT LINE AND CREDIT CARDS?
So now you should have your line of credit and your credit card. If you’re still confused about your line of credit, don’t fret. In the next couple of pages we’ll spend a minute talking about what to consider with your line of credit. First, however, we want to give you a good sense of the process.
The power of Mortgage Cycling comes from the ability to place large “lump” payments against the principal balance of your mortgage. This in turn reduces the principal which in turn reduces the calculated interest on your loan. When you can reduce the calculated interest in this manner…equity is easily built into your home mortgage.
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