The Colorado-based All In One mortgage specialist company Paidoff™ (303-870-8337) has announced its simple interest home equity line of credit, which helps homeowners quickly pay off their homes.
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Only 1% of homeowners in the United States have completely paid off their mortgage. While homeowners make monthly mortgage payments, they pay down mostly the interest rather than the principal, explains Irina, The Mortgage Breaker™ and Founder of Paidoff™. As such, their new model takes advantage of a specific type of home loan that has been available in the U.S. for nearly 20 years but has largely gone unused to help clients pay off their homes much faster by paying only simple interest.
More details can be found by visiting https://www.thepaidoff.com/
Unlike a traditional mortgage, Paidoff™ uses a loan structure that combines a client's checking and mortgage into one account, into which the client can make as many payments and deposits as they want. Irina says that a hundred percent of each payment goes toward paying down the principal rather than the interest. This allows homeowners to pay off their loans 3 to 5 times faster than the traditional U.S. home loan.
She explains: “Homeowners pay their living expenses throughout the month, so those funds keep the principal balance lower until they are needed. Interest is calculated daily at a lower balance, so the interest expense is lower. This allows every penny to work for you 24/7 instead of sitting idly in a separate checking or saving account as with the traditional mortgage.”
The Paidoff™ method offers an automatic 30-year line of credit that clients can access 24/7 without any restriction and can also be used as an emergency fund. Irina shares that her clients take advantage of the opportunity to earn 2 to 5% cash-back rewards and other benefits that Paidoff™ offers.
“We had refinanced during the pandemic since the rates were at their historic lows. We were very skeptical that we could get a better loan since we already had a super low rate," said one satisfied client. "We were very interested when Randy shared how we could pay our home off much faster. We have already paid our home down by $80,000 in a year.”
Interested parties can learn more about Paidoff™and contact its team by visiting 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: 89133358
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