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How To Pay Off Your Mortgage In 5-7 Years WITHOUT making more money or changing your lifestyle! This is the newest and the utmost updated version of our videos! If you want to learn How to Pay off Your Mortgage Faster or How to Pay off Your Mortgage Early, this is it! Enjoy!
Download Our FREE HELOC Calculator and Ebook: Visit https://acceleratedbanking.com
Check out the SEQUEL Video on how to use this strategy to CREATE Passive Income: https://youtu.be/lq5ag71CbJM
0:00 – Introduction to Sam Kwak
0:46 – Debt Free Acceleration (Accelerated Banking Strategy) Introduction
2:05 – The problem with your mortgage
7:35 – Refinancing the Mortgage is a Problem
10:35 – Introduction to the HELOC
13:39 – Average Daily Interest
15:40 – Recap of the HELOC
16:13 – HELOC Strategy Overview
21:52 – Average Daily Interest Example
25:15 – 1st Lien HELOC – Replace Your Mortgage
26:00 – HELOC Calculator Giveaway
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Ever wonder how you may be able to pay off your #mortgage within 5-7 years (depending on your situation) without sending double payments to the bank, changing your current level of income or not #refinancing? If you want to learn how to pay off your mortgage early or faster, Sam Kwak is going to show you a strategy in how you can use a different method/instrument to pay off your mortgage quicker! This strategy is called the “Debt Free Acceleration” Strategy. This strategy has many other names such as “Velocity Banking”, “Mortgage Acceleration”, “Accelerated Debt Reduction”, “HELOC Strategy”, and more!
We first need to understand how mortgages work. In this strategy, we are using a Home Equity Line of Credit (HELOC) as a leverage to pay off the mortgage quicker and still maintaining our income and expenses as how they are. You can also use other instruments such as Business Line of Credit, Personal Line of Credit, or Credit Cards for the purpose of this strategy. The beautiful thing about this strategy is that it allows us to take an inefficient debt and convert it over to a much efficient debt.
The emphasis on this strategy is mainly on cash flow and principal balance reduction. The adage strategy of taking your hard-earned money you earn and paying extra toward the principle is an old school strategy. While it works, the Debt Free Accelerator Strategy is a much more efficient way of paying off an amortized debt because it takes advantage of the maximum income utilization. This strategy will also work on Student loans, car loans, personal loans and so forth! Don’t let the banks trick you with their amortized products!!!
You can expect to pay off your mortgage faster and early with this strategy!
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#heloc #mortgagepayoff #helocstrategy
DISCLAIMER: Sam Kwak is not a licensed mortgage broker, not real estate agent, not a Certified Financial Planner, not a licensed attorney, and not a Certified Public Accountant. Viewers will consult with their professionals prior to engaging in any financial strategies. Not everyone will experience 100% success rate with using this strategy. This strategy does require equity, a good standing with your current mortgage and the patience to use the strategy. The result of paying off your mortgage within 5-7 years is atypical but it represents a likely possible outcome for individuals who use this strategy. We (Novo Elite and DBA The Kwak Brothers) does not warrant a promise or a guarantee any specific outcomes and/or results from the use of this strategy.
Are You Debt Free With a Mortgage, How to Pay Off Your Mortgage In 5-7 Years.
Leave Debt – Take Duty And Do It Yourself
However, to arrange your cash, set yourself a basic budget. Some financial obligation consolidation loans insist that you have an excellent credit report. This could relate a lot of money out of your pocket.
How to Pay Off Your Mortgage In 5-7 Years, Search trending updated videos related to Are You Debt Free With a Mortgage.
Should You Get Assist With Credit Card Financial Obligation?
This conversation show you 7 clear suggestions on how to be debt-free. Choosing the very best plan of action can also be very complicated. This might correspond a lot of money out of your pocket.
Numerous customers have badly cut down on costs as their incomes outlooks have actually ended up being cloudier. As recently as 2008, studies showed the typical cardholder has 7.6 cards. Regrettably, even though the costs has actually stopped, the financial obligation collected in the last few years still has to be settled.
So we understand that having unSecured Debt is not such a bad thing when compared to Secured Debt, but how do we tackle lowering eliminating it. Well, the single most reliable method is through financial obligation settlement.
Making you unsecured debt workable with an unsecured financial obligation combination loan is the best method to get your interest payments down and only have to make one payment each month. This works by securing a loan from a combination company to take over the balance on your unsecured debt. With this sort of loan, you will be paying your combination company back with a smaller sized rate of interest. Additionally, you will not have to make five or six payments to different business. You will just need to mail out one payment monthly.
On the other hand there are considerable advantages to being Debt Free. Being debt-free permits you to take threats in life that you simply couldn’t take being burdened by financial obligation. It is easier to start a new career, launch your own company or take a lower paying more enjoyable task if you aren’t encumbered debt. When you are one income from bankruptcy it is much simpler to live by your principles.
Customers in basic now bring a big amount of Revolving Debt on charge card and 47% of individuals who do not pay off the complete balance every month pay only the minimum balance, a dreadful method for settling your charge card and an extremely pricey one.
One payment versus numerous payments: The typical citizen of the U.S.A. pays 11 different lenders monthly. When, making one single payment is much simpler than figuring out who should get paid how much and. This makes handling your finances much easier.
There is a substantial misunderstanding that credit is the only way to get the important things we require and desire out of life. People are over costs and living beyond their means. I’m not saying that you should not want good things, however you should not offer your soul to get them. If you allow it to be, $10,000 in credit card debt might quickly a 10-15 year responsibility. I want you to see in your mind’s eyeborrowing $100.00 however repaying $1000.00 sounds crazy right? Well that’s why you need a financial obligation totally free option.
A person does not require to take a trip down this road alone. Ending up being Debt Free needs making choices in your way of life. There are 2 types of financial obligation the secured and unsecured loan.
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