STOP! Watch video before you get a 1st Lien HELOC! - Velocity Banking

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In this video, we're going to review why it is important to understand the debt pay off order and why replacing the mortgage may not be such a great idea.

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Комментарии
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Yeah. I paid my 30 year mortgage off in 1 month. Thanks for the information and knowledge!

DrFinancialLiteracy
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how to find optimal chunking amount, is there any formula or strategy for it?

pradeepputty
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Whats the Gospel Doctrine today? Thou shall pay off your debt with your HELOC, Thou shall not do baby step #1 and Never Save $1, 000.00 dollars or you will pay more to interest and live with debt even longer! Thank you our Velocity Pastor Master Debter

hanalei
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Hello i dont know if it really matters, but a 1sr lien isnt 9% it is 7.5%. Also you can get a lower fixed rate for the first 3 years.

durtydurty
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I have seen a number of videos critizing the 1st Luen HELOC.

DrFinancialLiteracy
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this example dosent work cause who in their right mind would put all of there 7 credit cards, student loan, and car loan dept on the HELOC? thats dumb af. its nice to take care of some of those things IF you can. HELOC is for home and expenses and you have to be discipline on spending

blocke