HELOC Strategy Q&A With a Banker

In this video... We have a SPECIAL Guest, Ron Bork (20+ Year Banking Vetera), who is familiar with the Accelerated Banking Strategy (HELOC Strategy) to give us answers that we've been looking for! Questions such as... "What are the banks looking for when qualifying an individual for a HELOC?" ... "Why is the 1st position HELOC better than the 2nd position HELOC?" ... "WHY does the HELOC Strategy work?!" And most of all he is one of the more reare "unicorns" that understand the strategy AND he is someone who works with a bank that issues out 1st position HELOCs!

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Pay OFF Your Mortgage In 5-7 Years: https://www.youtube.com/watch?v=3f-ebCjeH8o

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The HELOC Strategy has many names... We call it the Accelerated Banking Strategy. Some call it mortgage acceleration, velocity banking, the "pill" method, heloc method, etc. But the official name of this strategy is "Accelerated Banking".

Many of you guys are skeptical about this strategy so we decided to bring in a Banking Expert of 20+ years to our show to have him tell you and explain the strategy... This strategy CAN help you save money and time. Using a HELOC or an AIO (All In One) Loan CAN accelerate the payoff on a mortgage. You can use a HELOC to pay off mortgage if done right.

The #1 question we get is "Why do we use a higher interest rate HELOC to pay off our mortgage??" Well.. It has to do with the reduction of average daily balance through sweeping our entire income into the HELOC. But at the same time, we can use the same income to take care of our expenses.

The #2 question we get is "Why don't we just pay extra into the mortgage instead of using a HELOC???" - That has to do with a couple of things... if you choose to pay extra into the mortgage, you lose liquidity for future opportunities. And second, you don't get the advantage of double income utilization.

Take a look at the full explanation of our strategy here: https://www.youtube.com/watch?v=3f-ebCjeH8o

The Kwak Brothers are millennial real estate investors who have acquired over 76 Units of Rental Units and have raised over $20,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals.

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

Видео HELOC Strategy Q&A With a Banker канала The Kwak Brothers