
Sunday 25th of February 2018 09:09:47 PM
My Truth In Equity experience: I had a friend at work that was using the program to pay down three properties that he had mortgages on. (He is now debt free) The success he was experiencing caused me to give the program a try. I thought that I could always revert back to a conventional loan if I found that the program didn't work for me. As it turned out, three years into the program, I had saved around a hundred thousand dollars and put myself into a position where I could sell and retire. The money I saved by using the Truth In Equity program plus equity in our home made it possible to have enough money to pay cash for our retirement home near Myrtle Beach and put a nice amount of money into a retirement fund that a wealth manager is investing for us. The program works as advertised and I highly encourage anyone to use it to get control of your finances instead of giving large sums of money to mortgage companies that are getting rich at our expense. Why pay for a home two and a half time when you can pay the home off early and put the interest money in your pocket instead of the Banks. Had I taken a 15 year fixed loan on my home instead of using the Truth In Equity program, after three years, I would still have 12 years worth of payments left. In my situation, that would have amounted to approximately $216,000.00 that I still owed. I know that you might have concerns because this concept is so different from what we are accustomed, but it works. If you have questions, feel free to call David at Truth In Equity. He would be glad to take time with you and explain everything. He was very helpful when I started the program. Sincerely, John Kunkel