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Velocity Banking

Discussion in 'The Unscripted Entrepreneurial Mind' started by W. Sabria, Jul 10, 2018.

  1. W. Sabria
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    W. Sabria Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I stumbled upon some videos on YouTube regarding "Velocity Banking" or "High Velocity Banking." The premise is that home loans are pure evil, with amortized interest sucking the life out of consumers 30 years at a time. Instead, using lines a personal line of credit, consumers can leverage their credit, increase their cash flow and afford to make balloon payments to their home loan (although it could technically apply to any other type of traditional debt) every few months. Even with a higher interest rate, you could save hundreds of thousands of dollars by decreasing the number of years you are paying amortized, compound interest.

    Forgive me if I'm explaining this incorrectly. But I have to say it really blew my mind. Similar strategies can be used to finance real estate and business opportunities.

    If anyone is fluent in this, I'd love to learn about your experience. Also, if anyone can recommend specific banks and related products (in the U.S.) I would be very grateful.
     

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