your mortgage is to pay it off all by itself without a HELOC, and to apply all extra money you have to the mortgage at the earliest possible date. The whole crux of the HELOC shuffle method is that payment can be made immediately and a few days of interest can be save, which over the course of 30 years will add up. My point is that if you have a borrowers right to repayment which allows you to pay down principle when you submit the payment, this is the best method. Of course, if you don't have this option, then the days of interest will add up until the mortgage payment is credited. March 16, 2009 Dennis @ 6:22 pm : Gents, I feel compelled to throw in my two cents for what they're worth on this. I also am not selling anything but am always interested in finding ways to cut debt and wrest a bit of initiative from the banks. I just stumbled across this concept myself last week and have been feverishly working the numbers ever since. It's pretty eye opening how much we could save on interest. And all we'd be doing is banking through our HELOC. What resonates the most with me is the bank's use of the daily balance on a mortgage. Our mortgages accrue interest every single day of the month, yet we only pay it once a month. That means that every day the bank heaps another chunk of interest to