Paidoff™ of Denver (303-870-8337) has announced a first-position home equity line of credit (HELOC) that offers borrowers more flexibility and faster payoff rates than traditional fixed or adjustable mortgages.
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Paidoff™ is committed to innovation in the field of homeownership and investment, which is why they have launched a new home equity line of credit designed to help Colorado homeowners pay off their home Much Faster™ than with a traditional mortgage. In a new guide, the company notes several differences between a first-position HELOC and traditional mortgages.
More information is available at https://www.thepaidoff.com/
With traditional mortgages still offering stubbornly high interest rates—of around 6,75% for 30 years fixed and 6.79% ARP—the team of financial experts behind Paidoff™ understands that many new homeowners are searching for alternatives.
As such, they are pleased to recommend their new first position HELOC. Unlike traditional mortgages, their home equity line of credit charges simple interest rather than compound interest, which can result in significant long-term savings. Assuming, for example, a flat interest rate of 5% on a $500,000 mortgage, with compound interest, a homeowner would pay a total of $1,733,872.16. Whereas, with simple interest, they would pay only $750,000 on the same amount borrowed.
In addition to offering such a significant saving on interest, Paidoff™’s first position home equity line of credit allows homeowners to pay down their principal first—and not interest—for greater savings. Moreover, clients have the flexibility to pay down their mortgage as much as they want without caps or limits.
Though Paidoff™’s goal is for their clients to pay off their home Much Faster™, their pressure-free HELOC is still offered for a standard 30-year term, like a traditional mortgage. The company is confident that once a client begins to benefit from their favorable interest rates and payment system, they will be able to save more money and use the equity their HELOC provides to open up new lines of investment, whether in more property or investment funds and shares.
Irina Saveliev, the founder of Paidoff™, who is known among her clients as the Irina Mortgage Breaker™, had this to say: “With Paidoff™ your payoff is Much Faster™ in comparison to an old traditional mortgage. Plus, with Paidoff™ your mortgage works for you 24/7, not against you. It’s a fun, addictive, and fast mortgage.”
For more information, visit https://www.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: 89139200
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