Truth In EquityReviews of truthinequity.com

Great in all respects!

I found Truth In Equity on the web back in 2010 and thought the concept was interesting and appealing to someone who hates paying interest over a long period of time. I mulled it over, but then forgot about it for a while. My only regret was not implementing their strategy earlier as I waited until 2012 to go all in on their mortgage reduction strategy. If I had acted on my initial impulse I would've been paid off about a year ago. Fortunately, I eventually did make the commitment and took a mortgage balance and some other debt rolled in from roughly $330K to $30K as of right now. I talked with a consultant, Tammie, who was very informative and ended up buying the software and calculating I could pay off my debt in about 7 years and 6 months - even accounting for annual interest rate rises of 1.0 % per year. The software showed me I would still save close to $100K in interest over my then current 30 year conventional at 5.125%. I set up a HELOC with US Bank to begin borrowing and paying off draws of $20-40K at a time which were applied to my existing 30 year conventional mortgage. The HELOC at that time was 2.5% for 18 months then market after that (interest rates were rock bottom still coming out of the financial crisis.) About the same time I was committing to this form of mortgage debt pay down, I found a very attractive 20 year, interest only loan for 6 years at LIBOR plus a margin of 1.625%, then conventional mortgage at market rate there after. I read the tea leaves and saw the FED was stuck at Zero Interest Rate Policy for quite some time and decided to go for it. I was rewarded with a mortgage interest rate below 2.0% for about 5 years until rates started to creep up last year. I paid off as much as I comfortably could during that time. So after the first 6 months or so in the new interest only mortgage, I quit using the HELOC to pay off the new mortgage as prime rates rose and LIBOR stayed frozen at roughly .25 for about 5 years. So I lucked out. But, if not for Truth In Equity, I would have never contemplated this strategy and missed out on massive interest rate saving. Their program made me rethink everything about mortgage debt.

If you stay committed your principle drops like rain. Unbelievable how quick you pay off shrinks.

Best idea ever to use Truth In Equity!!! Can't tell you how much we have saved in interest.

Great value but having to pay the same membership price to renew is a bit difficult to I it justify.

Truth in Equity was fabulous. The hard part is sticking to it and not drawing more and more on your equity line of credit.

I would recommend this company to anyone. They are very responsive to questions and concerns. Thank you for everything

Stick to the plan Pay your house off This works When you have $90, $100 or $150 K in equity then keep going Pay it off