1st Lein HELOC - Pay off Home Fast

[Lane Mentaberry]

Hello! I am a residential mortgage lender representing CMG Home Loans (NMLS 1820). I have a unique, proprietary loan at my company that is an amazing financial tool for well qualified borrowers. The loan can be utilized for a purchase or refinance for any residential (1-4 units) primary residence, second home, or investment property.

The loan is a first position, 30-year draw HELOC combined with a checking account. Instead of depositing your money in your current bank account (where it earns next to no interest and just sits idle waiting for you to spend it) you deposit those funds into your checking account connected to your HELOC. 100% of those funds are applied to the principle balance the very next day, while remaining 100% liquid. For example, if your balance is 250k and you deposit 10k into the checking account on Monday, your balance will be $240k on Tuesday. Now you are accruing interest on a lower principle balance while still having access to your 10k to live and pay bills.

This gives you immediate access to your equity like a standard HELOC, as well as any additional funds deposited in the account. This lower’s your principle, lowers your payment, saves money on interest, and can potentially increase your cashflow as well (treated as an IO payment)

This is a powerful vehicle to pay off the balance of the loan 2-4 times faster than a traditional loan, without ever having to change the way you live or spend your money. This loan is designed specifically to reduce interest expense and accelerate principal payoff!

Please message me and I can provide you with more information or feel free to call or text me. 208-270-3412 [e-mail]

Have a great day!