Quote:
Originally Posted by Tex
That's a really interesting method ... I'm gonna have to look into that.  You say some guys have their entire mortgages being held this way? |
I have two friends that did this to get rid of mortgages. One guy only had about $80K left on his mortgage. Not sure about the other one. I think it would be tough to do for over $80-100K or so. $25K is trivial.
The max I had floating using this method was around $40K. I did it for about a year just for fun, and to see if it would work. It was very easy to do, but I don't carry any debt like this at the moment.