In this video, we talk about the top 3 myths of the HELOC Strategy, AKA : Debt Free Acceleration Strategy. (Velocity Banking). These are the frequent questions and comments that we get on our videos about How to Pay Off Your Mortgage in 5-7 Years using a Home Equity Line of Credit (HELOC). Enjoy!

Check Out the HELOC Strategy Explainer Video Here:  https://youtu.be/TWh5vBa-jhM

Myth #1: Making Extra Payment into the mortgage (or a loan) is much better than using this strategy

Myth #2: ALL HELOCs are variable and tend to have a higher interest rate that doesn't allow for this strategy to be effective

Myth #3: The HELOC Strategy is risky...

A lot of people simply have a misunderstanding about the HELOC and how it can be used. Most people write-off this strategy simply because they never bother to understand the truth about HELOC. Some people just outright hate HELOCs because they think it's "evil". But no financial instrument by itself is evil or good. It's all about how the individual uses the instrument. You can use a HELOC to do some really dumb and stupid things but at the same time, you can use it to do some really good things for your financial wellness.

We're going to share why those myths are...well... myths! It's time to uncover some truth in this strategy! 

😃 Thanks for Subscribing & Liking our Video!

📰 Want to read more tips & tricks about real estate investing, financial literacy and entrepreneurship? 
Subscribe to our Blog: https://www.thekwakbrothers.com/newsletter

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.


📋 GET OUR FREE OWNER FINANCING CHEAT GUIDE KIT:
https://www.thekwakbrothers.com/cheatguide

📊  GET OUR FREE HELOC STRATEGY CALCULATOR & EBOOK:
http://chopmymortgage.com

💻 JOIN OUR FREE FACEBOOK MASTERMIND GROUP:
https://www.facebook.com/groups/bestreigroup


GET SOCIAL WITH US:
📣Facebook: https://www.facebook.com/thekwakbrothers/
📣Instagram: https://www.instagram.com/thekwakbrothers/


🔊 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com

#realestateinvest #entrepreneurship #thekwakbrothers

---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.