Unfortunately my husband and I were part of that housing banking scam about 15 years ago. Purchased land and farmhouse at a higher price than its value. We are still stuck in a revolving door paying the mortgage. Sometimes I can’t sleep at night just thinking about how stupid we were! Thank you for being there!
At 53 and less money coming in a month due to life situations I defaulted on my credit cards of $30,000 to a debt relief company. Yes, I know bad idea but I couldn't keep up with the interest. I understand my credit will be screwed for a long time but at this point I really don't care anymore. Hope everyone had a nice Christmas. Take care.
I did this in 2018. Eventually the creditors made deals with me. Pay X amount and they write the rest off. Whatever they write off is added to your income for tax purposes. One company took me to court to garnish my wages. It's now 2025 and my credit score is 631. I have no regrets. I was drowning and I really had no choice. Despite my low credit score, I am now in a much better place financially. You will be too. 🙏💞
Hello Christy . Thank you for educating your you tube family. I wanted to ask your advice on achieving a loc after going through a chapter 7 . Any advice will greatly be appreciated. Thank you in advance Christy.
Hey Christy, thanks for your videos! In this example, would it be possible to give a rough estimate of how much principal would be left on the house after the 60 months? I feel like it would also be much lower using the HELOC method, but I want to be sure I am thinking about this correctly. Thanks!
My home value is approx 220k. We owe around 95k @ 4% Doing quick and broad figuring we owe around 50k in vehicles, a small out building, and credit cards. About 50k more in a separate shop on a small lot. Credit is great. Own our own business and debt to income shouldn't be a problem for a LOC. Advice?
The content of these videos are SO AWESOME! Too bad audio and video don't follow. See if you can at least get better audio Lady. Your content is amazing and it can transform lives entirely! With better audio we can spread this wider! Thank you for your attention and thank you for amazing videos. Cheers from Canada.
Hi Christie! I love your channel, thank you so much. This is new to me. I don't own a house yet- planning for the Spring. Wife and I make 16k/month combined. Want to use this method for car payments, CC, etc. for now (house down the road). Could you direct me to your most basic video to understand this process- one that a 5th grader could understand? Thank you!
Keep watching her videos. I was totally confused at first. In your situation, she suggests doing this method using a credit card until you build your score up. Good luck 😊
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
So, a HELOC will only allow a person to draw on the card for half of the 10 years. So then, what does a person do for the half where they can't draw on the HELOC?
How about people live within their means. Credit cards should be a tool to accomplish a task, not a way of living. Spending discipline is lacking. I use credit cards but the balances are always paid on automatic payments to the balance. I get the points without paying interest. I don’t spend on my cards if there is lack of cash to cover it.
When comparing the refinancing scenario with the LOC scenario, a minimum of $1209 additional monthy payment have to be included in the refinancing scrnario.math before any deduction of definite amount saved is carried out. Of Note, for this case study, there is a minimum monthly cash flow of $1209 that is put on the LOC (herein he math for the 1st month: $8300 minus $6351 and minus $740 = $1209) In 61 months thst totalled $1209 x 61 months = $73749 Now $82697 - $73749 = $8948 $8948 is the true amount saved if we want to compare mortgage refinancing scenario with LOC in this case study. As for now, In this presentation, the mortgage refinancing scenario is missing the $1209 min monthly additional payment (that's a total of $73749 for the 61 months...!)
Unfortunately my husband and I were part of that housing banking scam about 15 years ago. Purchased land and farmhouse at a higher price than its value. We are still stuck in a revolving door paying the mortgage. Sometimes I can’t sleep at night just thinking about how stupid we were! Thank you for being there!
You never refinanced?
Use the velocity method to pay it off as soon as possible!
That wasn't a scam. It's what you agreed to. Step one is taking responsibility
At 53 and less money coming in a month due to life situations I defaulted on my credit cards of $30,000 to a debt relief company. Yes, I know bad idea but I couldn't keep up with the interest. I understand my credit will be screwed for a long time but at this point I really don't care anymore. Hope everyone had a nice Christmas. Take care.
I did this in 2018. Eventually the creditors made deals with me. Pay X amount and they write the rest off. Whatever they write off is added to your income for tax purposes. One company took me to court to garnish my wages. It's now 2025 and my credit score is 631. I have no regrets. I was drowning and I really had no choice. Despite my low credit score, I am now in a much better place financially. You will be too. 🙏💞
Just the fees of refinancing makes it a no no for me. Absolute joke.
Thank you so much for what you do, three months into my Heloc and I've saved over 10 k already, thanks 🙏🏻
Better to do money max or velocity banking with HELOC
Thanks for being here. Many Blessing
THANKYOU MADAME FOR EXPOSURE OF THE BANKSTERS. GOD BLESS YOU 💯 You are a treasure.😊
Excellent. So many people just jump on whatever they’re offered.
I know right…without running the numbers … and here comes some sort of bubble 😅
Love your explanation ❤ the numbers never lie
Doing God's work!!
Speak it V... Eph 5:11 Jn 8:32 Jn 8:36
Thank you and God bless you
That’s why I’m moving abroad. I’m sick and tired of the U.S. bs
But it doesn't have to be.
@@KandisGyour so right!!
@@KandisG I’m ready to go now. I’m packed.
this does not just happen in the US
US is the leader of scams and slowly the world catching up.
Thanks. Learning this from India... Approaching the banks for the LC....
Hello Christy . Thank you for educating your you tube family. I wanted to ask your advice on achieving a loc after going through a chapter 7 . Any advice will greatly be appreciated. Thank you in advance Christy.
Awesome Educational Content 🎉🎉🎉🎉
Loans are so expensive on the front end
Hey Christy, thanks for your videos! In this example, would it be possible to give a rough estimate of how much principal would be left on the house after the 60 months? I feel like it would also be much lower using the HELOC method, but I want to be sure I am thinking about this correctly. Thanks!
My home value is approx 220k. We owe around 95k @ 4%
Doing quick and broad figuring we owe around 50k in vehicles, a small out building, and credit cards. About 50k more in a separate shop on a small lot.
Credit is great. Own our own business and debt to income shouldn't be a problem for a LOC. Advice?
@billy NICE! I would look into a first lien HELOC…
cmgfinancial.typeform.com/to/RkAUZvu1
Can it be done with hourly pay.
How do I go about you looking at my financial situation?
The content of these videos are SO AWESOME!
Too bad audio and video don't follow.
See if you can at least get better audio Lady. Your content is amazing and it can transform lives entirely! With better audio we can spread this wider! Thank you for your attention and thank you for amazing videos. Cheers from Canada.
We don’t care … we’re here for content and a chalk board. We love her ❤❤❤
Hi Christie! I love your channel, thank you so much. This is new to me. I don't own a house yet- planning for the Spring. Wife and I make 16k/month combined. Want to use this method for car payments, CC, etc. for now (house down the road). Could you direct me to your most basic video to understand this process- one that a 5th grader could understand? Thank you!
Thank you said the 2023 rate is 10%. What is the HELOC rate going for this year 2025? Thanks in advance
@sassy 10-12% average
I got a HELOC from my local credit union 1 month ago at 8%
Can someone explain what is a line of credit?
My credit score is too low to get a LOC. What do you do with that?
Keep watching her videos. I was totally confused at first. In your situation, she suggests doing this method using a credit card until you build your score up. Good luck 😊
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Can’t pay my mortgage with a line of credit any other option’s?
So, a HELOC will only allow a person to draw on the card for half of the 10 years. So then, what does a person do for the half where they can't draw on the HELOC?
Has anyone ever been asked to provide references after being approved for a line of credit from a credit union?
No Video just Sound
Basically restarting the loan very bad idea.
How about people live within their means. Credit cards should be a tool to accomplish a task, not a way of living. Spending discipline is lacking. I use credit cards but the balances are always paid on automatic payments to the balance. I get the points without paying interest. I don’t spend on my cards if there is lack of cash to cover it.
What is escro payments?
@yvette Property taxes and insurance part of monthly payment.
Ahhh ok...sorry am Australian...we have that added on to the loan upfront. Called lenders mortgage insurance and stamp duty...
🎉🎉🎉🎉🎉🎉🎉🎉🎉
When comparing the refinancing scenario with the LOC scenario, a minimum of $1209 additional monthy payment have to be included in the refinancing scrnario.math before any deduction of definite amount saved is carried out.
Of Note, for this case study, there is a minimum monthly cash flow of $1209 that is put on the LOC (herein he math for the 1st month: $8300 minus $6351 and minus $740 = $1209)
In 61 months thst totalled $1209 x 61 months = $73749
Now $82697 - $73749 = $8948
$8948 is the true amount saved if we want to compare mortgage refinancing scenario with LOC in this case study.
As for now, In this presentation, the mortgage refinancing scenario is missing the $1209 min monthly additional payment (that's a total of $73749 for the 61 months...!)