has anyone heard about mortgage cycling?

Question

does it work can anyone explain to me how it works

Answer 1

I think you are talking about splitting you mortgage amount, what i mean is say you have a $200K loan rather than have a single mortgage you seperate the loan into smaller loans with differing terms. for example:

$40K with a 1yr term
$40K with a 2yr term
$40K with a 3yr term
$40K with a 4yr term
$40K with a 5yr term

this way you could take advantage of any lower rates that may come along or special offers from lenders.

Answer 2

There are two kinds of mortgage cycling. In mortgage unicycling, you ride a single-wheeled pedal operated vehicle around the perimeter of the property while waving a legal document above your head and gaily shouting "long live Donald Trump" in a loud falsetto voice. In mortgage bicycling you do the same, except the legal document requires you to make payments while eating two pepperoni heroes simultaneously.