Browse Forums Home Finance Re: Line of Credit to Pay Mortgage 4May 06, 2009 3:53 pm mmm....donuts Homer Simpson 1956- Links: Site Costs Ready Reckoner | H1 Addiction Medical Advice | Château TDL: The Backyard Re: Line of Credit to Pay Mortgage 8May 07, 2009 3:58 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Line of Credit advice to Pay Mortgage 17May 12, 2009 4:50 pm Bel & Ben Hi Guys I was just wondering if anyone has tried paying their mortgage off using the "Line of Credit" method. We have been advised to do this by a financial planner as a quicker way to pay off our mortgage. We are both very disciplined in our spending but am a bit nervous as i have always just used the "normal" way if that's what you call it where they just direct debit the payment from our account. Thio - any advice or more info on exactly how it works or what to be careful of??? Thanks heaps! Some of the home owners I see to assess their home loan have the set up you were recommended. They have no idea why they do not seem to get ahead in paying off the mortgage. Unfortunately that system has been used aggresively as a customer retention tool and years after taking out the loan, customers haven't got a clue how it was supposed to work to their advantage and clearly it doesn't (those I have seen anyway). It can work for you, if you are one of those budgeters who like to spend their Saturday nights fine tuning their annual family budget spreadsheet. Hi Mofflepop, I would recommend finding a building designer to prepare plans, they should design to your specified budget. The benefit is you can tender the project out… 9 20426 4 10823 Hi everyone, Looking for some advise. We are about to build an above ground pool in our backyard. There is a private sewer line running under the pool at 1.6m… 0 11763 |