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Replace Your University
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เข้าร่วมเมื่อ 27 ต.ค. 2015
Teaching how you can pay your mortgage off in 5 years or less. Here's how - bit.ly/3u9hx0i
Do We Only Work with Major Banks for HELOCs? The Surprising Truth
Free Video: How You Can Pay Your Mortgage Off In 5 Years or Less On Your Current Income: 👇🏼
bit.ly/4fM8wxU
Free E-Book: Secret To Paying Off Your Home In 5 Years
bit.ly/3LA4cUj
To start building the life you want: replaceyouruniversity.com/
Follow Replace Your University on Instagram: the_realryu
Join Us on Facebook: ReplaceYourUniversity/
Check out more tips and strategies on our TH-cam channel: www.youtube.com/@ReplaceYourUniversity
Do we only work with major banks for Home Equity Lines of Credit (HELOCs)? The surprising answer is no! In this video, we dive into why smaller community banks and credit unions often provide better HELOC options compared to big banks like Chase and Bank of America. Learn about our meticulous vetting process, how we evaluate financial health, and why service and consumer-friendly products matter. Discover the advantages of working with smaller banks for your HELOC needs and gain valuable insights to make informed financial decisions.
bit.ly/4fM8wxU
Free E-Book: Secret To Paying Off Your Home In 5 Years
bit.ly/3LA4cUj
To start building the life you want: replaceyouruniversity.com/
Follow Replace Your University on Instagram: the_realryu
Join Us on Facebook: ReplaceYourUniversity/
Check out more tips and strategies on our TH-cam channel: www.youtube.com/@ReplaceYourUniversity
Do we only work with major banks for Home Equity Lines of Credit (HELOCs)? The surprising answer is no! In this video, we dive into why smaller community banks and credit unions often provide better HELOC options compared to big banks like Chase and Bank of America. Learn about our meticulous vetting process, how we evaluate financial health, and why service and consumer-friendly products matter. Discover the advantages of working with smaller banks for your HELOC needs and gain valuable insights to make informed financial decisions.
มุมมอง: 249
วีดีโอ
Why HELOCs Beat Mortgages: The Power of Liquidity Explained
มุมมอง 377วันที่ผ่านมา
Why HELOCs Beat Mortgages: The Power of Liquidity Explained
Can You Share a Standout Success Story from Replace Your Mortgage HELOC?
มุมมอง 558วันที่ผ่านมา
Can You Share a Standout Success Story from Replace Your Mortgage HELOC?
Is the Housing Market Heading for a 2008 Style Crash?
มุมมอง 740วันที่ผ่านมา
Is the Housing Market Heading for a 2008 Style Crash?
When Should You AVOID Using the HELOC Strategy?
มุมมอง 45014 วันที่ผ่านมา
When Should You AVOID Using the HELOC Strategy?
Should You Refinance Your Low-Interest Mortgage into a 1st Lien HELOC? Pros and Cons Explained!
มุมมอง 73114 วันที่ผ่านมา
Should You Refinance Your Low-Interest Mortgage into a 1st Lien HELOC? Pros and Cons Explained!
Is Refinancing into a Low-Interest HELOC, then Investing in High-Yield Savings a Smart Move?
มุมมอง 55014 วันที่ผ่านมา
Is Refinancing into a Low-Interest HELOC, then Investing in High-Yield Savings a Smart Move?
Should You Get a HELOC? Everything You Need to Know to Make an Informed Decision!
มุมมอง 72914 วันที่ผ่านมา
Should You Get a HELOC? Everything You Need to Know to Make an Informed Decision!
Is Paying Off Your Mortgage in 5-7 Years with a HELOC a Scam? The Truth Revealed!
มุมมอง 77221 วันที่ผ่านมา
Is Paying Off Your Mortgage in 5-7 Years with a HELOC a Scam? The Truth Revealed!
How the HELOC Strategy Works Step by Step Guide to Paying Off Your Home Faster
มุมมอง 2.3K21 วันที่ผ่านมา
How the HELOC Strategy Works Step by Step Guide to Paying Off Your Home Faster
Testimonial: How Oskarina Built a Real Estate Portfolio with Replace Your Mortgage
มุมมอง 31121 วันที่ผ่านมา
Testimonial: How Oskarina Built a Real Estate Portfolio with Replace Your Mortgage
Have You Used a HELOC in Your Own Life? Break Down the Benefits for Us!
มุมมอง 79921 วันที่ผ่านมา
Have You Used a HELOC in Your Own Life? Break Down the Benefits for Us!
Testimonial: How Sylvester Transformed His Finances with Replace Your Mortgage
มุมมอง 23721 วันที่ผ่านมา
Testimonial: How Sylvester Transformed His Finances with Replace Your Mortgage
How Does Investing in Whole Life Insurance Work and What Are Its Financial Benefits?
มุมมอง 43221 วันที่ผ่านมา
How Does Investing in Whole Life Insurance Work and What Are Its Financial Benefits?
How Does Using a HELOC Impact Your Credit Score? Pros and Cons
มุมมอง 24128 วันที่ผ่านมา
How Does Using a HELOC Impact Your Credit Score? Pros and Cons
Are HELOC Interest Rates Beating Mortgage Rates in 2024?
มุมมอง 58128 วันที่ผ่านมา
Are HELOC Interest Rates Beating Mortgage Rates in 2024?
HELOC vs Mortgage: Why Traditional Loans Put You at Greater Risk
มุมมอง 549หลายเดือนก่อน
HELOC vs Mortgage: Why Traditional Loans Put You at Greater Risk
Your Investor DNA: Finding the Best Investment Strategy for You
มุมมอง 210หลายเดือนก่อน
Your Investor DNA: Finding the Best Investment Strategy for You
HELOC vs. Extra Mortgage Payments: Which Strategy Pays Off Your Home Faster?
มุมมอง 827หลายเดือนก่อน
HELOC vs. Extra Mortgage Payments: Which Strategy Pays Off Your Home Faster?
Building a Multi-Generational Legacy with Lance Welch
มุมมอง 4812 หลายเดือนก่อน
Building a Multi-Generational Legacy with Lance Welch
Why Is Passion So Important For Success?
มุมมอง 1262 หลายเดือนก่อน
Why Is Passion So Important For Success?
What Are the Top Ways to Boost Your Income for Family Stability?
มุมมอง 5672 หลายเดือนก่อน
What Are the Top Ways to Boost Your Income for Family Stability?
Is a HELOC Riskier Than a Mortgage If Your Income Drops?
มุมมอง 4302 หลายเดือนก่อน
Is a HELOC Riskier Than a Mortgage If Your Income Drops?
How Would You Spend $100k In The Next 24 Hours?
มุมมอง 4212 หลายเดือนก่อน
How Would You Spend $100k In The Next 24 Hours?
Will Interest Rates Drop in 2024? And, Are HELOCs Costlier Than Mortgages?
มุมมอง 4882 หลายเดือนก่อน
Will Interest Rates Drop in 2024? And, Are HELOCs Costlier Than Mortgages?
How Does a Sweep Account In A HELOC Work To Save You Interest?
มุมมอง 1.6K2 หลายเดือนก่อน
How Does a Sweep Account In A HELOC Work To Save You Interest?
How Do You Avoid Burnout and Protect Your Family Time?
มุมมอง 2292 หลายเดือนก่อน
How Do You Avoid Burnout and Protect Your Family Time?
Why Are So Many People Financially STUCK?
มุมมอง 2922 หลายเดือนก่อน
Why Are So Many People Financially STUCK?
Feeling Hopeless About Finances? Here’s What You Need to Hear
มุมมอง 1942 หลายเดือนก่อน
Feeling Hopeless About Finances? Here’s What You Need to Hear
Why Choose a HELOC Even If It Might Freeze? Is It Still Better Than a Mortgage?
มุมมอง 5962 หลายเดือนก่อน
Why Choose a HELOC Even If It Might Freeze? Is It Still Better Than a Mortgage?
Very true. Although the general lack of accountability and structure/follow-up/fookow thru is where most struggle to maximize the benefits of the strategy...
Double closing fees at some point needs to be paid via through your loan.
Is us bank a good heloc, i heard tberes was decent
Can you get a Heloc for a condo?
True. Although it's not so much the interest (note) rate, as it is HOW the interest is calculated, HOW the finance charges are assessed, and HOW/WHEN the payment is actually applied - that determines what the true debt service cost and/or interest 'volume' is. And ultimately, what your actual 'effective interest' really is. That the gauge we should use to determine which debt, how much and when it should be strategically paid...
How about Roth 401k?
Your journey is truly inspiring! 🚀
Well said...
this is very motivating.. will be reaching out soon :) . ty for the great work and hope!
I love finding one of “those” accounts while they’re small and then checking in on them in a few years just to see if they’re still scamming or if they’ve been abandoned 😂or
Awesome… 1000 agreed!
Thank you!
Not hard to believe, I've always had better experiences with smaller banks and local credit unions
💯 spot on!
What if you don’t qualify for a HELOC??
Work on solving the problems that prevent you from qualifying. However, this can be done with a credit card as well.
❤❤ great
Anyone know anything about this product in Texas. How does it work? I heard that there are different laws for a First lien HELOC in this state. I appreciate any feedback thanks
First lien is available in TX up to 80% LTV. They also only allow one cash out loan every 12 months. So, as long as you haven't done a cash out loan in the last 12 months, then you are good to go.
We actually have about a national - 4 months supply and balanced market supposedly is 6 months. I think we will see some corrections in Florida and Texas
"Anybody that tells you that they have figured it out would be multi-billionaires and they're not." *looks at Warren Buffet article online* 😅
What he's done recently is genius. Increased cash holdings to $277 Billion and now owns more T-bills than the FED.
Agreed
Your cap looks like the OM symbol. Most powerful thing in spirituality 🎉
You think that if you make 1.2 mil per year, you cant afford a 2.5 million dollar house? Really??
I hear ya...maybe a little exaggerated. They can afford it, but at what cost to their future when a $1M or $1.5M house would be adequate and invest the rest. The home you live in is not a cash flow asset.
Keep the content coming!
This makes no sense. You store your money in a bank (checking?) account, whereas a HELOC is a Loan, not a place you can store money.
It is a place you can store cash and remain liquid.
@@ReplaceYourUniversity How to do you "store cash" in a credit account?
I want my 3 minutes back.
Now it's 4 minutes after taking the time to post.
How does it work
www.ReplaceYourUniversity.com
Awesome!
Thanks!
can you get first lien HELOC on Rental property IN TEXAS? thanks
Positive comment❤
The real benefit to a HELOC is how the interest charges are calculated compared to a conventional 30 year mortgage. The savings on interest alone is mind blowing.
Thank you!from Tallahassee Florida 😮strong!
You are so welcome
Great video!!
Glad you enjoyed it
Name 1 company that went of biz because they had no debt! This is stupid!
I’m pretty sure that every single big company’s always had time with debt. Not because they were running out of capital but because it would profit them more than not having them
Rewatch the video.
Losing brain cells watching your janky goofy mf self bruh calm down lose the cornball accent and switch up that corny wardrobe my boy 😂😂😂
Awesome information. I use an ploc from my credit union to do the same thing. I have a huge amount of equity in my home but, I have never taped into it. Interesting concept.
If it sounds like shit, looks like shit, and smells like shit, it's probably shit.
My Heloc was free, provided I kept the HELOC open for 36 months, if I closed the HELOC prior to 36 months I would have been back charged all closing cost.
IUL or UL
No, whole life.
I have a question. Is it possible for me to get a HELOC without a primary residence?😊
You just need to own a piece of real estate to have a HELOC drawn off the equity in that piece of real estate. I do not believe it has to be your primary residence.
HELOCs are available on investment properties, vacation homes and as a tool to purchase.
Louisa here - Thanks this was great 🎉
Good stuff! You are right that many HELOCs are structured different. I have a HELOC that is 8.5% APR, which doesn’t kick in until the end of the Draw period (15 years). Thats if I have an outstanding balance. During the draw period my monthly payment is 1.5% of the balance or $100, whichever is greater.
Great general explanation my man...
IUL policy. Aka affiliate marketing
Banks are getting smarter, my HELOC was free provided I keep the loan open for 3 years, if not I had to pay all associated cost of opening HELOC, closing cost, appraisal etc. all in all about $1800
Assuming you kept your HELOC for 3 years, $1,800 is still far better than mortgage costs.
@@ReplaceYourUniversity agreed! I’m in year 5 of this system, house would have been paid off had I not bought a vehicle and camper with the HELOC
I used mine to pay off my solar panels, pay off my motorcycle, and invest in a business as far as big ticket items. 4.99% for 6 months is the best I've seen where I'm at but there are so many banks and credit unions out there and it's hard to know where they all service. Definitely takes some research, i got lucky with my last one it was with my credit union down the street when rates were ~2-3% and i was able to re-finance into the same promo rate with the same credit union twice for free!
It definitely requires a change in mindset. The way i looked at it even if i only paid my interest payment (not that i'd want to do that) but it would effectively be the same as paying rent but for my house except i was in way more control of that rent payment, i could make it go up or i could make it go down...and who the hell wants to make their rent payment go up?
You keep repeating the same stuff but you're not telling how does that work I need to know how does that work that's what I would like to know
We have free courses here: www.ReplaceYourUniversity.com
Death Pledge indeed
*savings/leverage and tax mitigation strategy...
After one month they don’t cut off anything
How