Our Story
Hi my name is Doug Greathouse. The picture on the right (or below on mobile) is my wife Charity and I when we went on a trip to Arizona.
About a year ago we learned about how a HELOC could help us pay off our home in 7 years. We were skeptical at first but after learning more about it realized it just made sense. As the tagline says – It’s math not magic. Prior to finding this solution we were worried about how we could pay for our daughters college education or fund our retirement. Now knowing we will have our home paid off far earlier than what we expected we can see a much clearer path to not only accomplishing these things, but more.
So where are we after a year?
We are on track to have our house paid off in 5 years or less.
We are close to being completely debt free.
With the HELOC we have access to our equity while we pay it down. We can use our money to work for us rather than work for the bank.
We have the security of knowing if we were to go through a rough stretch we can pay only the interest payment every month.
We now have cash flow available for investing in our family’s future.
Who is this for?
People who want to pay off their home faster.
Real estate investors who want to tap into the equity in their properties to purchase more income generating assets.
People who can stick to a budget
People who have more income coming in than they have going out. Meaning you are “Cash Flow positive.”
People with a credit score of 640 or higher.
People who have 10% equity in their home or have 10% to put down on the purchase of a home.
What this is not:
This is not a scam. Do your due diligence and talk to a couple of banks and credit unions in your area. You will find that they all offer different types of HELOC’s. The crazy thing is majority of them don’t know how to utilize this strategy because it isn’t main stream.
This is not a get rich scheme. This is a pay off your mortgage strategy that works! And I’m your proof of someone who is currently working the strategy. Unfortunately this isn’t for everyone. If your plan is to spend your equity on frivolous liabilities then this strategy isn’t for you.