Here's what you need to do to pay off your mortgage quickly.

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How to Use a HELOC to Pay Off Your Mortgage

In our book, How to Pay Off Your Mortgage in 5 Years, Natali and I lay out exactly how to utilize a HELOC to attack the principle balance on your mortgage. Essentially, you should use the HELOC like a checking account and use it to pay a large chunk toward your principle balance every month. In some cases, banks will tell you that you cannot use a HELOC in this way. I’d recommend speaking to a supervisor. If they still prohibit it, you’ll have to instead write a monthly check (from your checking account). If you’re interested in this strategy, definitely check out our book!
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