How To Invest & Grow Using This Mortgage Recovery Process

How To Invest & Grow Using This Mortgage Recovery Process

1. Sign or co-sign for a home loan, potentially with no closing costs (e.g. refinance) OR no money down (e.g. new purchase).
2. Wait ~6 months while making loan payments (e.g. $3000 / mo x 6 = -$18,000).
3. Satisfy current mortgage (-$5,000 per satisfaction up front) after 90+ day wait, beginning at 3 month mark (e.g. mortgage shows on credit reports).
4. Perform 'cash-out refinance' on home after a successful satisfaction (e.g. $1M loan = +$900K).
5. Pay 35% of satisfied amount (e.g. $1M loan = -$350,000).
6. Rinse and repeat.