Listening to "listen money matters" podcast where they were describing the great mortgage interest savings to be made by:
Take out the maximum Home Equity Loan on the mortgaged property. Pay the Heloc amount onto the mortgage, put every spare penny into paying off the Heloc as quickly as possible, as soon as it is paid off - repeat.
Obviously paying as much as possible against a mortgage, especially at the start, lowers the total interest costs.
But I don't understand how this has an advantage over just making extra mortgage payments, unless the Heloc had a lower interest rate than the mortgage - which seems unlikely.
Is there some particular feature of US 30year mortgages that makes this viable or even necessary?