Colorado First Position HELOC To Maximize Retirement Savings: Program Update

The Colorado-based mortgage company, Paidoff™ (303-870-8337), has updated its offering to help homeowners maximize their retirement savings by taking out a first-position home equity line of credit (HELOC).

As more Americans look for retirement security beyond their paychecks or savings, Paidoff™ highlights the security and flexibility of its program for Colorado homeowners. Paidoff™ uses its “three pillars” formula to guide clients through switching from traditional to all-in-one mortgages that include a first-position 30-year HELOC. By doing so, homeowners are empowered to pay off their homes much faster while simultaneously building wealth, says the company’s founder, Irina Saveliev, also known as Irina the Mortgage Breaker.

Interested parties can learn more by visiting https://www.thepaidoff.com/

When switching to an all-in-one mortgage with Paidoff™, clients get a 30-year first-lien HELOC to which they have immediate, 24/7, unlimited access. Homeowners can use their line of credit to invest in wealth-building ventures and grow their retirement funds.

As one Paidoff™ client said, “The numbers validated that Paidoff™ made total financial sense for accelerating debt reduction and laying a solid foundation for retirement planning.”

In the United States, where only 1% of homeowners have paid off their mortgages, countries that regularly use all-in-one mortgages, like Canada and Australia, see a considerably higher percentage of homeowners achieving this goal.

As Irina the Mortgage Breaker explains, monthly payments in traditional mortgages mostly pay down interest, but in all-in-one mortgages, these payments primarily pay down the principal. This type of product also allows homeowners to make as many payments as they wish, while traditional mortgages only allow monthly or, at most, bi-monthly payments.

The cost of switching from a traditional to an all-in-one mortgage with a 30-year HELOC is comparable to a regular refinance. Paidoff™ can meet with interested homeowners to assess their financial situation and goals to determine the loan amount of their first-position HELOC and create a customized plan.

One spokesperson for the company said, “Call us because everyone’s situation is different. We will look at your scenario to advise and assist you on how to meet the requirements for Paidoff™. We will create a customized plan that shows you a clear way to get there. No matter what the time limit, we will help you every step of the way.”

Interested parties can learn more about Paidoff™ and contact its team by visiting https://www.thepaidoff.com/

NBC News WRAL Raleigh, North Carolina