The Equity Advantage Program is a mortgage acceleration program that is offered thru Truth in Equity. Truth in Equity was founded in 2008. Its parent company is IFS Development Group which was founded in 2006 by Bill Wellstrom and David Welles. David has had many years of experience in the mortgage industry. From the small lenders to larger lenders such as National City Bank. Bill has also worked for small and large mortgage companies. When Bill was in Seattle he worked for Macquarie Mortgages as an account executive. Macquarie is a Australian bank that first introduced the concept of the mortgage acceleration process of using a HELOC to the United States..

The Equity Advantage program is not right for every homeowner but if you are that homeowner that this program could benefit it could be very helpful.  This program is based on a client wanting to pay off their mortgage in record time.  In order to be able to obtain this program a client must have three things in order. 

1. Positive Cash Flow - this product works best if the client has cash left over at the end of the month.  If a client's budget is tight this might not be the program for you.

2. Good Credit Score - because this program ask you to secure a first lien Home Equity Line of Credit it is very important that the client has stellar credit.  These loans are typically a little harder to qualify for as opposed to a normal loan, but for the right homeowner these loans can pay huge dividends.

3. Positive Equity Positon - due to the fact that you are going to use this loan like your checking account it is imperative that your house is not decreasing in value.  Also if you owe more than your house is worth then it is very likely that you will be unable to obtain a first positon HELOC.

Another aspect to use Truth In Equity to facilitate your mortgage transaction is that they look at each clients individual analysis.  Since every client is different they do not just stick you into a cookie cutter loan.  Their program also incorporates their "Truth in Equity" calculator.  This calculator is designed to help homeowners with showing how the Equity Advantage Program would work for them. 

When people hear about the power of mortgage acceleration programs they always want to know how much the program is going to cost. When dealing with a company that requires you to obtain a first lien HELOC it is variable for every single individual becaue their will be some closing cost associated with that loan. However Truth In Equity does not refinance your mortgage nor do they act as a mortgage broker. Instead they are consultants when it comes to obtaining a mortgage loan. They make a fee of $19.99 when a client decides to fill out a personal economic profile. This profile is to determine if the Equity Advantage Program would be advantageous to that client. IFS Development Group also has membership fees which would allow them to monitor a clients situation. They also offer assistance to that client for six months to a year. They are your one stop shop that can help you make a decsion which first lein HELOC is best in your situation.