How successful is velocity banking strategy to pay off mortgage?

How successful is velocity banking strategy to pay off mortgage?

Member since 2019 · 5 posts · 0 votes

Any personal stories, or opinions on pros and cons of velocity banking to pay off debts and mortgages?

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  • Rental Property Investor · CA · Member since 2018 · 135 posts · 174 votes
    7y

    Not this again.

    It doesnt work.

    At all.

    Period.

    I am more than happy to provide the math if you are interested. PM me if you like.

    Lets just say this...... The concept of converting amortized interest to simple IS valid. However, only those with massive personal spending habit can take advantage of it and end up on top.

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