Paidoff™ (303-870-8337) is now helping homeowners across Colorado pay off their mortgages faster through a new simple-interest 30-year first lein HELOC.
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Mortgage advisors at Paidoff™ showcase the updated first-position home equity line of credit (HELOC) as part of a broader initiative to eliminate the burden of interest-focused payment schedules. With both inflation and interest rates rising, they appreciate that many homeowners are eager to pay off their mortgages quickly, and they believe their flexible, simple-interest HELOC will facilitate this.
More information is available at https://www.thepaidoff.com/7-gifts/
Paidoff™ founder Irina Saveliev dubbed Irina the Mortgage Breaker, knows that an increasing number of American homeowners are ‘housing burdened’. Saveliev explains that being housing-burdened refers to borrowers who spend over 30% of their income on housing. The Census Bureau and Department of Housing and Urban Development (HUD) estimate that about 23% of all homeowners fall into this category.
As such, with Paidoff™'s new simple interest 30-year HELOC, their goal is to alleviate or eliminate this burden, providing homeowners with a more flexible and personalized way to pay back their mortgage. Unlike standard bank mortgages, which use compound interest and typically limit repayments to ensure more interest earnings, the Paidoff™ HELOC is based on simple interest and consequently, lower payments.
Additionally, unlike standard HELOCs, clients can borrow for a term of up to 30 years, giving them a longstanding pool of equity to use to their advantage. The end goal is that homeowners across the State of Colorado will be able to pay off their existing home loans more quickly—Paidoff™ calls this their Much Faster© promise—and homeowners will be able to use their new equity to enhance their overall financial position.
Using this type of HELOC, homeowners can turn their new equity into further investment in property, or expand their portfolio among mutual and index funds, stocks and bonds, commodities, currency, or annuities.
As Saveliev said, “With Paidoff™ your financial growth has no limits because as you continue to pay off your mortgage, your line of credit will continue to grow. And not only that but you are not restricted to what you can invest and reinvest your funds into.”
One happy homeowner who started using Paidoff™’s new HELOC last year said, “When we found out we could pay our home off Much Faster© we were very interested, and since joining Paidoff™, we have already paid our home down by $80,000 in a year. Additionally, with this new loan, we have become private money lenders loaning out up to $250,000 at a time, so we are earning a higher interest rate plus investing it elsewhere so we can retire early.”
For more information, visit http://thepaidoff.com
Contact Info:
Name: Irina Saveliev
Email: Send Email
Organization: Paidoff
Address: 600 South Cherry Street Suite 143, Denver, COLORADO 80246, United States
Phone: +1-303-870-8337
Website: https://www.thepaidoff.com/
Source: PressCable
Release ID: 89136722
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