Velocity Banking Is A Complete SCAM

Think velocity banking is your ticket to a debt-free future? Before you dive in, watch this video. We uncover the hidden pitfalls and high risks of this popular mortgage payoff strategy. Learn why it might not be the magic solution it's cracked up to be and how it could end up costing you more than you bargained for as we help you become The Educated HomeBuyer.

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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Real Broker

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Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942

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[DenzelNapoleonRodriguez]

I’m happy to bring you both on my channel or come on yours to provide the necessary education on this topic that has gone viral over the last few years. I’ve been teaching it and practicing it for 6 years. I’m happy to discuss the good, bad, and ugly you seem like reasonable guys to have a conversation with

[Joce]

I am smart enough that velocity banking is not complicated for me.

[missioncalming]

Velocity Banking is working for me. It’s teaching me discipline, consistency and organization. I was drowning and needed some relief. Instead of a HELOC, I went the PLOC route. Also working a side gig to pay off faster.

[DenzelNapoleonRodriguez]

You need stronger points to disprove velocity banking would love to help you on this.

Discipline is required for any debt elimination strategy so that isn’t a strong argument.

Opportunity costs exist for any debt elimination strategy so that isn’t a strong argument either.

The economic environment we are in is a much better argument and I agree with that in a lot of situations for today.

[mygoodlife]

not true! It shaves off quite a bit of interest! anything worthwhile is more complex!!!

[businesstruck]

At 5:15 the guy on the right says “you’re just accelerating the repayment of your loan but making it more complex.” He agrees that the strategy works but says the complexity isn’t worth it. Velocity banking isn’t even complex, but if it wasn’t for complexity in the world the tech he uses to post his opinions on the internet wouldn’t exist.

[joeycowboy]

The velocity banking strategy is not a scam. And it is not a bad strategy; especially for those with high debt or those that would sleep better at night by eliminating debt at an accelerated pace. However, it definitely is not the right strategy for everyone. Paying off lower interest debts is not always the best decision. Especially when someone can get a much higher return in the market or on other investments.

[DenzelNapoleonRodriguez]

Cmon bro at the 20:00 minute mark talking about earning an average 8% in the market is not true and you are too smart to say that. When you look at the actual internal net rate of return minus taxes, fees, and loses you know that number is much lower. Look at the last 30 years of S&P 500 year to year not average rate of return it’s 2 completely different numbers.

[_pewpew]

"velocity banking" is a catchy name. kudos to the marketing team. However, i still dont understand it. folks borrow more money to pay off previously borrowed money?

[davekohler]

I have a fixed heloc at 5.74%. Using a fixed heloc to pay down your mortgage is safer then increasing your payment amount.
The problem is in the complexity when you live out of your heloc and applying all your money to pay it down. The other problem is you have a large low interest credit card and you are tempted to spend more then you normally world.

[Peter_Wang]

I NEED this! I’m a saver. Trying to figure out the taxes into retirement planning, estate … is a magical yet very illusive formula!