Accelerated Banking Introduces HELOC Strategy for Rapid Mortgage Repayment
Accelerated Banking unveils a HELOC strategy aiming to allow homeowners to reduce mortgage repayment periods from 30 years to just 5-7 years.
- Accelerated Banking's strategic application of HELOC loans encompasses two core methodologies aimed at either reducing or altogether replacing conventional mortgage loans.
- The first strategy introduced involves converting an existing mortgage into a first-lien HELOC, which functions both as a mortgage and a home equity loan.
- For those not eligible for a first lien HELOC, Accelerated Banking offers an alternative route through a second lien HELOC, which serves to lower the principal balance of an existing mortgage.
- Accelerated Banking prides itself on its client-centered approach, carefully assessing each homeowner's financial situation to recommend the most effective strategy towards achieving outright homeownership, devoid of lingering debt.