Okay, I haven't read this whole thread.... but my thoughts on it are Why?
The fact is you can do it yourself by paying anything extra and writing on the bottom of the check "apply extra to Principal."
No additional loans; no risk; no temptations. You're in control.
What happens if you lose your job? Revert back to the minimum payment until you get another job. With this "system" won't you be gaining debt during this time? With this system, won't you be losing equity if you continue to use your house for paying other bills? With this system, if your house looses value, how are you every going to revert back to a standard loan (a bank you left is not likely to take you back)?
These people have to make money somehow.... they have to get something out of what you put in. And they are, or they wouldn't be doing it.
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