SAY GOODBYE TO EXPENSIVE REFINANCING
No More Closing Costs – No More Hassle – No More Time Reset!
Keep Your Money to Yourself With Paidoff™
RIP Refinancing
Say goodbye to expensive refinancing that resets your clock. With Paifoff™, there is no time reset. There is no paying the front-loaded interest for the next 10-15 years. There is no zig-zagging through all the hassles and headaches of the expensive refinancing process every 5 to 7 years just to try to improve your financial situation or to tap into your equity.
Buyer Beware!
Instead of focusing on the long-term refinancing consequences, most borrowers focus solely on the interest rate. With Paidoff the interest rate does not matter much due to the fast drop in principal balance. Homeowners who refinance to get a “better” interest rate and then sell their homes within 3-5 years, lose most of their refinancing benefits because they have not let the loan mature long enough to reap the benefits. This is like flushing money down the drain. Homeowners are normally aware of the obvious closing costs such as origination fee, appraisal costs, lender underwriting fees, and other closing costs. It may take 3 to 5 years for homeowners to recoup these costs.
The main focus should be the loan balance and the speed of your pay off, NOT the interest rate. Paidoff™ makes it incredibly easy and effective to pay off your loan balance much faster because your entire payment goes to Principal. Secondly, you only pay Simple Interest, not Compound Interest. Our Formula
Freddie Mac
In February 2023, the Federal Housing Financing Agency http://www.freddiemac.com increased the upfront fees for most cash-out refinance loans. In addition, Freddie Mac changed their refinance requirement for primary homes from 6 to 12 months. This means you must wait 12 months to get new cash out after buying a house, getting a rate-and-term, or getting a cash-out refi. These changes only benefit the mortgage industry by protecting their investment and ensuring higher profitability.
Paidoff™ eliminates the need to refinance forever!
No need to worry about incurring extra closing costs that result in a higher loan balance and more interest payments. Instead, you will enjoy the peace of mind knowing that your home will be paid off much faster and you will have a 30-Year Line of Credit funds available to build your wealth and to live your life!
- No more hassle finding and submitting all the financial documents in hopes to qualify.
- No expensive closing costs which increases your loan balance and adds years to your mortgage just to break even.
- No need to worry about time reset which takes you back where you are paying mostly interest again instead of principal.
With Paidoff™, you will have peace of mind. Your home will be paid off Much Faster and you will have a 30-Year Line of Credit.
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