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Old 05-10-2007, 11:38 PM   #10
Jeff Lebowski
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Join Date: Jan 2006
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Quote:
Originally Posted by Tex View Post
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.
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