Whyte Corporation & EquityExcel ???
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
On average, since the principal balance is lower, you will pay less interest, and pay your home off faster.
Some cautions you may need to be aware of:
- If the value of your home drops - the line of credit that you were using to pay your bills may evaporate, leaving you with no money to pay your bills.
- Is the interest rate on this loan higher than interest rates you could get on other loans?
- If your home suffers a catastrophic loss, like a fire or a flood, what happens until the insurance pays? Do you still have access to the line of credit you were using to pay the bills?
Whyte Corporation & EquityExcel ???We have recently opted to take up their plan and I would recommend you at least talk with one of their consultants. It is a little complicated to get your head around because it doesn't follow the usual format of mortgages. You are under no obligation to go with them and there is no hard sell. Only thing to watch for is the set up takes time ie. new bank accounts may be necessary etc . Get them to waiver the 30 day set up time because it may very well go over the time limit. You will save thousands on your mortgage if you follow the plan. Anyway, take a look at it you will be impressed.
Whyte Corporation & EquityExcel ???Look at www.eqxl.com which is the USA website.
The founder of this system was a maths genius from New Zealand.It's all above board and McQuarie Bank have tried to buy them out and will continue to do so.
Many other Mortgage Brokers claim to sell the same product.They don't. They are the ones promoting line of credit etc.
Steer clear of them
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