Paul Leara - mortgage hero
Region: US
Friday 06 December 2024 17:15:51 GMT
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Will Macoy :
Is it better to buy cheap as a first timer or buy expensive and hold?
2025-01-13 18:36:30
465
user1505142013424 :
Man I don’t wanna be rich I just wanna be free
2024-12-07 19:40:25
52451
Haley Jones :
They do this with life insurance too
2024-12-07 18:24:44
15370
Brigit :
I didn’t even understand this mannn
2024-12-07 21:28:30
14201
MJ :
People literally think Elon Musk paid billions of dollars for twitter in cash!🤣
2024-12-07 04:17:49
11284
Paigeypooh :
Tell em Luigi
2024-12-10 17:02:04
2546
Rick :
Correct it’s called LMA account I use my portfolio to pay off any debt. I started poor bought stocks early and they grew. Yes I had traditional to start but now portfolio pays for everything at 3%
2024-12-07 03:34:04
9454
thebusyblonde :
This is kind of confusing way to explain a heloc.
2024-12-07 20:41:05
3086
user901198860143 :
can someone break this down for me but like 4th grade talk plz
2024-12-08 20:10:43
1942
Fria Bolan :
So in order to do this you need to have at least the cost of the house in assets
2024-12-07 21:25:17
2970
user8451844396347 :
Yes, at a certain point you become your own bank
2024-12-07 12:32:54
5815
allie4324 :
Yep! I used a home equity line of credit to purchase a second home! Also am not rushing to pay off primary original mortgage as my cash is growing faster than my interest rate costs.
2024-12-07 16:46:12
3714
Side Boat Becky :
Family trust or irrevocable trust so that everything collective is in and then borrow from trust but pay back into trust so it’s a never ending bank
2024-12-07 07:54:47
2469
layway0412 :
People really don’t understand that interest on a HELOC and a Loan is calculated differently. Even if HELOC is 18% it will still be a lot less than mortgage. Amortization vs Average daily balance.
2024-12-08 02:12:19
669
M. Elena 🎾✨🪩 :
A mortgage is a lien against an asset
2024-12-07 04:14:17
494
ryanmarshal :
I’m not rich I’m just smart. I used the heloc method for all 6 of my homes
2024-12-10 00:53:48
289
Sarlim92 :
I am rich and have a mortgage like everyone else.
2024-12-07 14:51:16
120
Des :
Like whole life insurance policies, you can borrow the cash value in your policy continues to earn interest while you have a loan.
2024-12-07 06:35:48
222
BigMacDad :
ehhhhh... right idea but wrong on the basics. No "lien" is taken and no one buys a home with a Heloc. Most rich people get an asset based mortgage at prime+1-2% rates.
2024-12-06 20:41:46
262
Antonio Almanza :
what kype of lien?
2025-01-27 15:03:43
0
Sarah Savage :
I don’t get it
2024-12-08 05:32:15
39
T-FOX5000 :
I'm sure some do. and some endorse their mortgage and instruct the bank to pay the interest like Title 12 says they're supposed to do. banks are the borrowers, they pay the interest.
2025-01-28 12:33:07
0
kems :
I do this. I borrow against my stocks and Investment to buy properties
2024-12-08 17:58:00
62
bogo boho :
But if u take a heloc, arent u paying the heloc back( that your using as downpayment) then still having a mortgage? How r u supposed to break even renting it out
2025-01-13 04:35:01
0
Madonna Brown Gulf of Mexico :
Actually, this can be done w/ life ins. & you DON’T have to be wealthy. When you have cash value, you borrow against it. The money’s still in the acct., earning interest & it ends up being a wash.
2024-12-07 15:57:46
237
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