Best HELOC for Velocity Banking: Strategies for Rapid Wealth
Best HELOC for Velocity Banking: Strategies for Rapid Wealth
Jan 21, 2025
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Velocity Banking, also known as the “Velocity Method,” is a personal finance strategy aimed at rapidly paying down debt, particularly mortgages, using a home equity line of credit (HELOC) or other forms of revolving credit. Here’s a step-by-step overview of how Velocity Banking works: 1. **Assess Finances**: Understand your income, expenses, debts, and available credit. Calculate your cash flow to ensure you can consistently manage debt payments. 2. **Open a HELOC**: Obtain a HELOC, ideally with
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