How To Pay Off Your Mortgage Faster Using Your Own House

Welcome to another episode on the paying off your mortgage fast series. Today we will talk about velocity banking using a HELOC. A lot of you have made requests about a video like this, so your wish has come true and I hope you enjoy the video. Happy watching!🔗 LINKS MENTIONED IN THE VIDEOHow to pay off your mortgage in 5 years book 👉 https://kit.co/novarise/real-estate-booksAudible (for audiobooks) 👉https://amzn.to/2T8SWUw🎥 VIDEOS COMPLEMENTING THIS ONEHow to pay off your mortgage fast using credit cards? 👉https://youtu.be/arRPpGlz1toHow to pay off your mortgage fast without spending an extra dime? 👉https://youtu.be/todU7vGh844Using debt to buy real estate 👉https://youtu.be/Zjm0C7KfhUACash-out Refi vs. HELOC explained 👉https://youtu.be/1KqBH2gYk_EBuy or rent your house? 👉https://youtu.be/GmvKMA4fE3wHow to improve your credit? 👉https://youtu.be/eOx82LBo14g▶️ PLAYLIST COMPLEMENTING THIS ONEAll About Business Credit Playlist 👉https://www.youtube.com/watch?v=dVtOEoKP8b4&list=PLbg0ENts-e2sznkpSyI-K9-rRcE3JppZhGuide to Payoff Your Mortgage Fast 👉https://www.youtube.com/watch?v=todU7vGh844&list=PLbg0ENts-e2uVb4yZ_R86H5pp61xO-A75Going From 0 to 24 Properties Playlist 👉https://www.youtube.com/watch?v=Z2yubZzAIFI&list=PLbg0ENts-e2uUWnT-xF_fOk0ygj-pXXHN💰 ACCELERATE YOUR FINANCIAL GROWTH AT NO COST- Webinar: Learn how to invest in real estate without savings 👉 https://www.novariseinvest.com/webinar- Join our newsletter 👉 https://www.novariseinvest.com/novanews/⛺️ OUR STORE- Merchandise 👉 https://shop.novarise.com/⏰ TIMESTAMPS0:00 How To Pay Off Your Mortgage Faster Using Your Own House1:19 What does HELOC stand for?1:46 Components of your mortgage payments2:43 How does HELOC work?4:45 What does LTV mean?5:30 Using HELOC to pay off your mortgage fast7:09 Mortgage breakdown8:00 HELOC breakdown8:33 Credit cards vs HELOC10:40 How to analyze the numbers before investing?11:30 How to take care of two debts at the same time?12:08 Make sure your HELOC works like a checking account15:23 Use credit cards for everyday expenses📄 DISCLAIMER***DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION***