How does velocity banking work
1 Reply
Daniel Jaime
from Santa Fe Springs, California
posted 11 months ago
How does velocity banking work
Edward B.
Investor from Midlothian, Virginia
replied 11 months ago
It psychologically tricks you into paying your fixed rate low interest mortgage off faster with a higher variable rate HELOC.
If your goal is to pay off your property quickly (for some reason) and you are not responsible with your finances then this might be for you. Otherwise there are probably less expensive and more effective ways to accomplish the same thing.
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