u/Previous_Yard_5084

▲ 11 r/smithmanoeuvre+1 crossposts

Real examples of someone paying off their mortgage and HELOC faster.

Hi, I am looking for examples of real people who have charted the amount of years that it took to pay off their primary mortgage faster. A mortgage broker told me that I could pay off my primary residence in 3 to 4 years and spent another five years paying off the HELOC. I have about $10,000 in rental income and about 1500 of it is cash flow. Primary mortgage balance has $374,000 left and the value is $575,000.

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u/Previous_Yard_5084 — 7 days ago

I am considering doing the cash damming/ Smith maneuver with my rental properties.

A mortgage broker told me that I could pay off my $374,000 of primary mortgage in about three years if I employ this maneuver. I have about $10,000 in rental income monthly, about 1500 of it being cash flow. does anyone have an example of it working for them? Has anyone been successful with a similar situation and been able to pay off their house in just a few years?

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u/Previous_Yard_5084 — 7 days ago