Paidoff™ First Position HELOC For Mortgage & Retirement Planning: Guide Released

Paidoff™ (303-870-8337), a Denver-based mortgage company has released its guide to first-position HELOCs for mortgage repayment and retirement planning in 2024.

The new guide is for Coloradans planning for their retirement years and Paidoff™ recommends an all-in-one first-lien HELOC as the best way to leverage the equity in their homes to gain lasting financial freedom. The company’s The Much Faster Formula© allows a borrower to pay down their loan without the constraints associated with traditional mortgage products.

Further details are available at http://thepaidoff.com

Harsh winters and volatile housing markets have led to Colorado being one of the top states that loses a high percentage of their elderly population to relocation each year, explains Paidoff™ citing a 2024 national study. Therefore, homeowners must be able to pay off their mortgage in full ahead of retirement to gain full access to the equity they have tied up in their property. This will allow them to fund a more carefree retirement, whether at home in the “Centennial State” or moving to the sunnier south.

Paidoff™’s newly released “2024 ultimate guide to first position HELOCs” explains that the company’s first-position repayment option allows homeowners to pay back their mortgage three to five times faster than the traditional financing options offered by big banks. By paying the principal first rather than interest, the loan amount decreases exponentially.

Aside from enabling people to pay off their mortgage before retirement, the Paidoff™ HELOC also gives homeowners access to a 30-year line of credit emergency fund, with a $2 million limit. This feature allows homeowners approaching retirement age instant access to financial support for home repairs, medical emergencies, and other financial commitments.

“When we retire, our priorities shift,” says Irina Saveliev, founder of Paidoff™, also known as Irina The Mortgage Breaker™. “Many retirees opt to downsize or even to move elsewhere to avoid facing our Colorado winters. Whether you plan to create a manageable small home here or escape to the sun, freeing up your finances through quicker mortgage repayment and ensuring you have access to emergency funds are both essential for a smooth, easy transition to your retirement.”

Coloradans interested in learning more about how first-position HELOCs can help with mortgage debt repayment and retirement planning are encouraged to contact Irina and the Paidoff™ team by calling 303-870-8337 or visiting http://thepaidoff.com

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