Paidoff™ (+1-303-870-8337) announces a new update to its home equity line of credit (HELOC) solution, which will help Douglas County homeowners reduce their mortgage payments and escape debt faster.

The new Paidoff™ approach separates itself from the traditional mortgage system by allowing homeowners to pay their principal first instead of interest. Paidoff™ is designed to work for the homeowner rather than the bank – offering an actionable roadmap to a debt-free future.

More information can be found at https://thepaidoff.com.

The company offers a three-pillar framework called The ‘Much Faster’ Formula©. Case studies show it performs well in any economic environment regardless of interest rates. By paying the principal first, only paying simple interest rather than compound interest, and having the flexibility to make as many payments as they like, homeowners can dramatically decrease the time it takes to pay off their homes.

One client said: “I met Randy in 2021, who showed me that people could pay off their homes in 7 years or less. We wanted to pay off our home and had been making additional payments to do so. In 18 months, we have paid our home down by $120,000 without changing our lifestyle.”

On the Paidoff™ site, homeowners can use the Much Faster calculator to see how much quicker they can become debt-free compared to their current mortgage. The calculator also highlights the potential interest cost savings that can be achieved through this alternative approach.

According to a recent CBS report, 62% of US homeowners have struggled to make their mortgage payments on time. That’s why Paidoff™ is offering its innovative service as a viable path forward, allowing homeowners to regain control over their financial obligations.

One of the key advantages of Paidoff™ is its flexibility. There are no required monthly payments, late fees, adverse credit bureau reporting, or foreclosure process when funds are available in the line of credit.

Irina, the founder of Paidoff™, states, “With Paidoff™, you don’t have to worry about all the mumbo jumbo because we will help you understand it—and if, for some reason, you don’t meet one or more requirements, that’s fine. We’ll create a customized plan to show you how to get there.”

To see the full media coverage on CBS 2KUTV, Click Here.