Three Easy Ways to Decrease Your HELOC Payment

During this awful prime mortgage crisis, many people are looking for ways to decrease their monthly expenses. For those of us who have a HELOC (and associated HELOC payment), there are several SIMPLE (and creative) ways that most of us would never think to do. I won't go into a lot of detail here, but three of the easiest and most effective methods for decreasing your HELOC payment are as follows:

1. Turn your HELOC into your primary checking/savings account
2. Use a credit card to pay ALL your monthly expenses, thereby leaving the maximum amount of cash in your HELOC to offset interest
3. Use a credit card loop and exploit credit offers to offset even more interest in your HELOC

I realize these might not make 100% sense to you right now. They might even seem difficult. They're not. Trust me. They're dirt simple and 100% guaranteed to work (it's just simple math, that's it).

Head on over to The Payground website for details.