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Tilted Cat Head
Administrator
Location: Manhattan, NY
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I did get that. I did watch all 18 minutes of the clip. I have looked at the information and still have the same question.
Which is why I'm saying, why can't you just take the $1,000 each month, and 2nd month pay $2,000 to the principal and avoid the whole HELOC all together? The only advantage that I see initially is to take the HELOC initial bump large payment. Other than that, my first question is still the same.
It has to come out of your pocket directly at some point, it doesn't matter if it comes out of the left pocket, right pocket, rear pocket. Ultimately it comes from your income.
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