Most people take decades to pay off their mortgage. The monthly payments are a constant expense. And if you can’t pay them? The bank takes your house and puts you on the street.
Velocity Banking promises an escape: Use a line of credit as your primary bank account and pay off your mortgage as quickly as possible.
But like any other financial strategy, Velocity Banking has upsides and downsides.
In this episode, you’ll find out the pros and cons of Velocity Banking so you can make an informed decision on whether it could help you.
Want to pay off your mortgage as quickly as possible? Listen now!
Show highlights include:
- How a “HELOC” lets you leverage historically low interest rates (even if your mortgage still has a sky-high interest rate) (4:10)
- How Velocity Banking lets you pay off your mortghage 12 years early (6:43)
- The strange way Velocity Banking led to a heart-breaking divorce and tore apart a family (7:43)
- The 30-second summary on the pros and cons of Velocity Banking (20:01)
Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future.
If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call … just like Grandma would want us to do.