Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Velocity Banking Explained: A Step-by-Step Guide. That video is uploaded by Concepts Made Simple at 2023-05-02T20:27:29-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [dgmMffV0khM]
| Name | Velocity Banking Explained: A Step-by-Step Guide |
| Video Uploader | Video From Concepts Made Simple |
| Upload Date | This Video Uploaded At 03-05-2023 03:27:29 |
| Video Discription | Velocity Banking Explained: A Step-by-Step Guide: Velocity banking is a financial strategy that involves using a line of credit, such as a home equity line of credit (HELOC), to pay off a mortgage more quickly. By making extra payments towards the mortgage principal using the line of credit, borrowers can reduce the amount of interest they pay over the life of the loan and potentially pay off the mortgage years earlier. However, there are risks involved with this strategy, such as changes in interest rates and the potential for overleveraging. In this video, we explain how velocity banking works, its pros and cons, and why it may or may not be a good fit for your financial goals. Overall, this video provides a very simple overview of the strategy. There are many other elements that are typically involved with the strategy. Please note that this video is for educational and entertainment purposes only and should not be considered financial advice. dgmMffV0khM |
| Category | People & Blogs |
| Tags | Velocity Banking | Finance | Debt | Mortgage | HELOC | Pay off Debt |
