This is accurate. A standard mortgage calculates interest monthly, while a HELOC (Home Equity Line of Credit) calculates it daily, allowing you to benefit from daily reductions in interest charges. However, like any financial strategy, it has its pros and cons. Instead of diving into all the details here, I’ve put together an in-depth training that explains the process. Comment "Mortgage" if you’d like me to send it to you. Follow for more financial insights! #HELOC #MortgageTips #InterestRates #HomeEquity #RealEstate #FinancialEducation #WealthBuilding #PersonalFinance #HomeOwnership #InvestmentStrategies