The Equity Advantage Program is offered by Truth In Equity which is a company that is based out of South Florida. They are a spin off of IFS Development Group. They believe in order for their program to work for the average homeowner there must be three items in place. First the client must be in a positive cash flow. However if you are a little strapped for cash they may be able to help because their program would first refinance all debt into a 1st position Home Equity Line of Credit (HELOC.) The second thing that must be present in order for the Equity Advantage program to be advantageous is a good credit score by the homeowner. In fact they suggest before entertaining the thought to make sure that you possess at least a 650 credit score. And lastly they want to make sure that their clients are in a positive equity position to begin with. In order to secure the 1st position HELOC that this program requires these three requirements are necessary.
This program is not software based however it does have a “Truth in Equity” Calculator built in that gives their clients a thorough analysis of their own unique situation. This revolutionary calculator takes into account a client’s debt structure as well as their repayment calculations associated with their debt. It also looks at the investment advantages as opposed to putting all of their money toward the HELOC. They program is also monitoring their clients tax implications not only in the short term but in the long term as well.
What Truth in Equity does in short - is that they find the best loan to achieve the mortgage acceleration program that is best for each unique client. They help their clients find these specialty loans which in turn allow their clients to pay off their debt in record time.