The Payground.com Offers Home Equity Secrets

July 22, 2008 By Debbie Dragon

Recently I was given the opportunity to read an ebook provided by thepayground.com, called: Home Equity Secrets: Simple Methods for Building Your Wealth. Unfortunately, I’m not in the position to put these secrets to use, but after reading the ebook, I sure wish I could!

Unlike the majority of personal finance advice columns, blogs, and books, Home Equity Secrets actually goes a bit outside the normal advice you read over and over again, and provides some original methods for using your home equity to your advantage.

Like many people, I thought a home equity loan was just a 2nd mortgage, and I never considered that they can be used as effective financial tools that help you better leverage your income, reduce the amount you pay in interest and end up saving a few hundred dollars each month.

heloc Making a home equity line of credit (HELOC) profitable would never cross my mind. I would just assume it’s money people use to pay for home improvements, consolidate their other debts into a single monthly payment, or maybe even use it take a family vacation or something… this book provided 6 methods you could use with your HELOC in order to earn a profit with that money instead of just spending it (and none of them included refinancing the home equity line of credit with a lower interest lender).

It’s written in an extremely easy to read format, even on the two pages that deal with understanding what you pay in interest and finance charges (and formulas to reduce what you pay for the borrowed money, too). I’m not a mathematical person by any means, but I found it easy to follow the formulas and understand how it would all work.

As the author tells us at the end of the introduction… the Home Equity Secrets ebook: “…at about 20 pages, this book is akin to a cute girl’s skirt: long enough to cover the essentials, yet short enough to still be interesting.”