Talk:Offset mortgage

I'm starting to hear buzz about the "Money Merge Account" in the US, which seems to be based on this. There seems to be a lot of skepticism about it. Could any economics experts ring in on these things? http://e-qualjustice.net/MMA/MMAhomeMMA.html I cant believe its not wikiality 03:19, 26 August 2007 (UTC)

Same as Home Ownership Accelerator?
Someone linked this page in an internet discussion, and while reading it, the "offset mortgage" sounded exactly like something I saw Jack Guttentag describe here, which is called a "home ownership accelerator". According to his description, you have some outstanding balance on the house, and you can immediately draw cash from it, increasing the balance, and you pay interest only on the balance remaining, and there are limits to how high you can let it go. That matches the description of the plan described in this article. Wikipedia does not currently have a "home ownership accelerator" article.

Am I right that these are the same, or at least functionally very similar? Do we need a HOA artilce? MrVoluntarist (talk) 14:42, 25 February 2008 (UTC)