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  • Latest Bank Headache: Home Equity Loans [View article]
    Cromag, Is see what happened. I post my license number at my web site. I thought you might had seen it there. Instead, you did a search for Hoot Gibson. Try #01722105
    Mar 13 16:38 pm |Rating: 0 0 |Link to Comment
  • Latest Bank Headache: Home Equity Loans [View article]
    Hoot is my knickname, and so post the License # as required. Just do a search using the license #. Don't know the Palm Springs number. Sorry.
    Mar 13 16:32 pm |Rating: 0 0 |Link to Comment
  • Latest Bank Headache: Home Equity Loans [View article]
    Cromag, It is not a loan. It is software. You can spreadsheet your numbers to death, and you won't match the optimization of running all your income and expenses through the HELOC. When you do that, you create an interest cancellation event. It actually creates a payment savings which the software then takes a portion of, and adds it to a portion of the discretionary income, and prompts the user to write a check from the HELOC (to the exact penny) and send to the 1st lien holder.

    You can call this any name you want, but if you will look at the web site I suggested, you will also see a BBB rating which shows zero complaints from the thousands of users. In fact, they are all running ahead of schedule. Once users get into it, they see how much they can do by budgeting better and increasing disposable income and thus accelerating the mortgage even faster.

    And finally, if you will take the time to look, the 3 reporters covering the story buy the software for themselves. Their opinion of its effectiveness is unequivocal. Ask yourself, what would be the liability to this tv station, upon such reporting, if it were as you suspect? How much money would they be sued for?

    I'm not here to pitch this thing, just bring added light to a solution for many faced with the difficulty of home prices declining faster than they can pay off the debt.


    Mar 13 13:51 pm |Rating: 0 0 |Link to Comment
  • Latest Bank Headache: Home Equity Loans [View article]
    It turns out that the HELOC can actually be the cure for the headache. There is a software system available, when used in conjunction with the HELOC, that allows for the accelerated payoff of the 1st, without increasing the monthly payment. The system actually pays down the 1st and the 2nd at the same time.

    This is a tremendous innovation in finance and currently is being used by tens of thousands of homeowners with the numbers growing daily. I am a licensed California mortgage broker and my clients are saving huge amounts of interest by paying off their mortgages much, much earlier.

    Readers who want to know more, can go to my web site and click through to a replicated web site for an official company description of the product. There is also a tab there titled "accelerated mortgage" that adds further info.

    As the reporters from the Channel 3 Las Vegas money news team say in the video, "folks, this just works".

    Yours for the taking.
    Mar 13 11:22 am |Rating: 0 0 |Link to Comment
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