What about a Excel spreadsheet to show the same effect? Try to figure out how to select the most effective date to pay the Mortgage with LOC and the same time lowering the ADB.
My apologies for my delayed response. I was expecting to receive an email. Yes, CashMap Pro provides a long term view of the impact of keeping your dollars working. To see the calculations on a month by month basis, I created the product 'Create Your Own Line of Credit Scenario'. It's available on my website at www.cashmapapp.com. Purchase the lifetime or annual option, and I will provide the excel worksheet for free. If you have additional questions, don't hesitate to email me at dennis@cashmapconsulting.com or call me at 360-510-6919.
Kimi, my apologies for this delayed response. I thought I would get an email. I've uploaded a new version. Feel free to visit my website at www.cashmapapp.com. You can also email me at dennis@cashmapconsulting.com.
My apologies for my delayed response. I just reposted this presentation yesterday. For additional information, visit my website at www.cashmapapp.com and if you have additional questions, please email me at dennis@cashmapconsulting.com
My apologies for the delayed response. I was expecting to be emailed. I just did a retake. Here's the link: th-cam.com/video/QahjXRLI61k/w-d-xo.html. There's a lot more information on the website at www.cashmapapp.com. CashMap Pro is also now available for smart phones and tablets on both Google Play and the Apple Store. As an introduction, there's a one time purchase of $199.99 and a number of subscription options. Downloading the app is free enabling you to discover your savings. Upon selecting a purchase option there's a 7 day free look before your account is charged. If you have additional questions feel free to email me at dennis@cashmapconsulting.com or call me at 360-510-6919. Thanks for your interest.
I have a line of credit with the institute that has my mortgage and a line of credit with my regular bank. Combined they are about 30k... how would I use both? Or would it be advisable to just use one of them. I have 10k at 4.5% and 20k at 8%. Is there anyone I can talk to for personal help? I am committed to doing this and have watched many videos on it but still struggling.
2coolArts&MusicMom 101financial.com. I'm not in the program but I believe they use this method to help clients pay down mortgage and other debts faster.
The interest rate for any given month is the average daily balance times the interest rate divided by 365 times the number of days in the month. The alternative is what's called the daily interest charge in which the interest rate is calculated daily and then added for the month. Either way, the implications regarding how you manage your money is the same.
But if your monthly salary covers your mortgage and all of your monthly bills, then why bother paying them all through your LOC and pay the extra interest charges??
The answer is simple, to cut years for your mortgage. Example: 10k from a LOC and pay to principal balance and pay your LOC (average daily balance) with your Income.
Prince Sho my bank offered me a HELOC, they paid all the fees. I used it to pay off credit cards with high interest. I have other CCs that are on a promotional 0% interest for 2 yrs. my Car payments have a very low 2.99% so didn’t use HELOC for that. Then threw $2,500 per month of my extra cash flow to pay it back.
Prince Sho, my apologies for my delayed response. I thought I would have received your comment via email. One question for you. Would you apply 100% of your cash left after you pay your bills to your mortgage? For most people the answer is no. Leaving your money sitting in your checking account is only benefiting your bank. They use your balance as collateral and borrow up to 20 times and pay you back at best .1%. That's hardly a good return on your money. Using the line of credit and taking additional draws to accelerate paying down a debt has the effect of creating a low interest loan plus with every additional payment you are accelerating the the loan schedule saving yourself interest. Interest saved goes toward principal. The sooner a loan is paid off the more money you have to apply it to savings. My finance app, CashMap Pro, enables you to see how quickly you can pay off the loan, how much interest you will save and see how quickly you can grow your savings. There's no other app that I'm aware of that enables you to create your scenario and see the impact it will have on building your financial wealth. CashMap Pro is available on Google Play and the Apple Store. You can download it for free and see your savings. To obtain the full solution, you will need to purchase it; however, you are given a 7 day free look period before your account is charged. If you have additional questions, don't hesitate to email me at dennis@cashmapconsulting.com. Also visit the website at www.cashmapapp.com. Once again, my apologies and thanks so much for your interest. I appreciate it.
Example is not believable. A 5000 loan paid back in 12 months at 5.25% results in a $428.61 payment not $518. And the total interest would be $143.33. Paying $518 would reduce the loan to 10 months with total interest payments of $119.93. You show a graph of $518 over 12 months and say total income interest is $127. If you can't get the math correct with a typical loan, why believe anything in this video.
Thank you for taking the time to closely review my scenario. First, my apologies for my delayed response. I was expecting to receive an email. The interest rate used was 5 percent instead of 5.25 percent. The monthly payment amount was irrelevant since the individual is making monthly payments of $500. The purpose of the example is to demonstrate the value of minimizing the average daily balance which dramatically lowers the amount of interest owed. This enables more to be applied to the principal. If your have additional questions, please don't hesitate to email me at dennis@cashmapconsulting.com. Check out my website at www.cashmapapp.com.
Yes, you're right and my apologies. I wasn't aware of the corrupted file and thought comments such as yours would be sent to me as an email. Yes, it's been a year and we've made lots of updates to our website and our finance app. Feel free to provide me your feedback at admin@cashmapapp.com
@@snowglider400 Thanks for your comment. I'd like you to share a bit more. My website is filled with additional information that goes beyond what's in this video. My objective is for people to learn and master an entirely new paradigm that the banks don't share. Yes, I do want people to visit my website. Once again, I truly appreciate your comment!
My apologies for my delayed response. I was expecting to receive an email. I've released a new app called CashMap Pro that's available in the Apple Store and in Google Play. It's available on smart phones and tablets. You are able to discover your savings without purchasing the app. The detail solution is provided with the purchase. Currently, there is a 7 day free look period before you account is charged.
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What about a Excel spreadsheet to show the same effect? Try to figure out how to select the most effective date to pay the Mortgage with LOC and the same time lowering the ADB.
My apologies for my delayed response. I was expecting to receive an email. Yes, CashMap Pro provides a long term view of the impact of keeping your dollars working. To see the calculations on a month by month basis, I created the product 'Create Your Own Line of Credit Scenario'. It's available on my website at www.cashmapapp.com. Purchase the lifetime or annual option, and I will provide the excel worksheet for free. If you have additional questions, don't hesitate to email me at dennis@cashmapconsulting.com or call me at 360-510-6919.
Are you able to post this again fixing the sound?
Kimi, my apologies for this delayed response. I thought I would get an email. I've uploaded a new version. Feel free to visit my website at www.cashmapapp.com. You can also email me at dennis@cashmapconsulting.com.
what happened to the sound?
My apologies for my delayed response. I just reposted this presentation yesterday. For additional information, visit my website at www.cashmapapp.com and if you have additional questions, please email me at dennis@cashmapconsulting.com
This is so great but the sound cuts out halfway through. Can you re-post with sound?
Yes, I just released it was corrupted and realized comments weren't coming to my email. My apologies.
This video goes mute at about 6 mins... Can u email me a link
My apologies for the delayed response. I was expecting to be emailed. I just did a retake. Here's the link: th-cam.com/video/QahjXRLI61k/w-d-xo.html. There's a lot more information on the website at www.cashmapapp.com. CashMap Pro is also now available for smart phones and tablets on both Google Play and the Apple Store. As an introduction, there's a one time purchase of $199.99 and a number of subscription options. Downloading the app is free enabling you to discover your savings. Upon selecting a purchase option there's a 7 day free look before your account is charged. If you have additional questions feel free to email me at dennis@cashmapconsulting.com or call me at 360-510-6919. Thanks for your interest.
I have a line of credit with the institute that has my mortgage and a line of credit with my regular bank. Combined they are about 30k... how would I use both? Or would it be advisable to just use one of them. I have 10k at 4.5% and 20k at 8%. Is there anyone I can talk to for personal help? I am committed to doing this and have watched many videos on it but still struggling.
2coolArts&MusicMom 101financial.com. I'm not in the program but I believe they use this method to help clients pay down mortgage and other debts faster.
My apologies for my delayed response. I was expecting to receive an email. If you'd still like to chat, my cell number is 360-510-6919.
Use credit line, not the credit card!
Is it a simple interest
The interest rate for any given month is the average daily balance times the interest rate divided by 365 times the number of days in the month. The alternative is what's called the daily interest charge in which the interest rate is calculated daily and then added for the month. Either way, the implications regarding how you manage your money is the same.
But if your monthly salary covers your mortgage and all of your monthly bills, then why bother paying them all through your LOC and pay the extra interest charges??
The answer is simple, to cut years for your mortgage. Example: 10k from a LOC and pay to principal balance and pay your LOC (average daily balance) with your Income.
Prince Sho my bank offered me a HELOC, they paid all the fees. I used it to pay off credit cards with high interest. I have other CCs that are on a promotional 0% interest for 2 yrs. my Car payments have a very low 2.99% so didn’t use HELOC for that. Then threw $2,500 per month of my extra cash flow to pay it back.
Prince Sho, my apologies for my delayed response. I thought I would have received your comment via email. One question for you. Would you apply 100% of your cash left after you pay your bills to your mortgage? For most people the answer is no. Leaving your money sitting in your checking account is only benefiting your bank. They use your balance as collateral and borrow up to 20 times and pay you back at best .1%. That's hardly a good return on your money. Using the line of credit and taking additional draws to accelerate paying down a debt has the effect of creating a low interest loan plus with every additional payment you are accelerating the the loan schedule saving yourself interest. Interest saved goes toward principal. The sooner a loan is paid off the more money you have to apply it to savings. My finance app, CashMap Pro, enables you to see how quickly you can pay off the loan, how much interest you will save and see how quickly you can grow your savings. There's no other app that I'm aware of that enables you to create your scenario and see the impact it will have on building your financial wealth. CashMap Pro is available on Google Play and the Apple Store. You can download it for free and see your savings. To obtain the full solution, you will need to purchase it; however, you are given a 7 day free look period before your account is charged. If you have additional questions, don't hesitate to email me at dennis@cashmapconsulting.com. Also visit the website at www.cashmapapp.com. Once again, my apologies and thanks so much for your interest. I appreciate it.
Deposit my income into my credit card?
Justin .Credible text this great hacker he will help you out +13467074257
Actually, depending on the credit card, that is an option.
Good info and power
Example is not believable. A 5000 loan paid back in 12 months at 5.25% results in a $428.61 payment not $518. And the total interest would be $143.33.
Paying $518 would reduce the loan to 10 months with total interest payments of $119.93.
You show a graph of $518 over 12 months and say total income interest is $127.
If you can't get the math correct with a typical loan, why believe anything in this video.
Thank you for taking the time to closely review my scenario. First, my apologies for my delayed response. I was expecting to receive an email. The interest rate used was 5 percent instead of 5.25 percent. The monthly payment amount was irrelevant since the individual is making monthly payments of $500. The purpose of the example is to demonstrate the value of minimizing the average daily balance which dramatically lowers the amount of interest owed. This enables more to be applied to the principal. If your have additional questions, please don't hesitate to email me at dennis@cashmapconsulting.com. Check out my website at www.cashmapapp.com.
This video has been up for 7 years and you never fixed the audio. Screw the video.......
Yes, you're right and my apologies. I wasn't aware of the corrupted file and thought comments such as yours would be sent to me as an email. Yes, it's been a year and we've made lots of updates to our website and our finance app. Feel free to provide me your feedback at admin@cashmapapp.com
@@cashmapapp You just want to funnel viewers to your website :) Bad way to earn viewer trust.
@@snowglider400 Thanks for your comment. I'd like you to share a bit more. My website is filled with additional information that goes beyond what's in this video. My objective is for people to learn and master an entirely new paradigm that the banks don't share. Yes, I do want people to visit my website. Once again, I truly appreciate your comment!
How do I download this app?
www.cashmapapp.com
My apologies for my delayed response. I was expecting to receive an email. I've released a new app called CashMap Pro that's available in the Apple Store and in Google Play. It's available on smart phones and tablets. You are able to discover your savings without purchasing the app. The detail solution is provided with the purchase. Currently, there is a 7 day free look period before you account is charged.
Nope