No content on this channel :c try Try Looking at shorts maybe lol :p
April 2022, the U.S. Federal Reserve started INCREASING INTEREST RATES to combat a 40-year high inflation.
- October 1981, mortgage interest rates topped at 18.39% to combat high inflation at that time.
- At one stage, rates jumped a whopping 6.18% in a period of only 14-months.
- On Jan. 07, 2021 mortgage rates were at 2.65% ... Oct. 27, 2022 they were 7.08% = 4.43% increase.
- On a $400,000 home loan, this would cost you $17,720 in extra interest in Year-1.
- Your monthly payments would INCREASE by $1,476 ... and the Fed is still not done!
So please ... BEWARE of all the imitators that recommend using a 1st lien HELOC.
This will expose your entire mortgage to a variable interest rate & skyrocket your mortgage payments.
Speed Equity® is "THE" original mortgage acceleration system invented by Harj Gill more than 25- years ago in Australia.
It helps you Own Your Home Years Sooner SAFELY … by using a 2nd lien HELOC so only a very small portion of your mortgage is ever exposed.