Can You Pay Off Your Home In Less Than 10 Years?

If your TikTok or YouTube algorithm has ever taken you down the wormhole of financial videos, it’s highly likely you’ve seen a video of someone telling you there’s an “easy” way to pay off a 30 year mortgage in 10 years.

They talk about how it’s like magic, how this strategy is “what your lender doesn’t want to tell you”, and a bunch of other stuff that typically makes me block someone’s page. The “magic” strategy they’re talking about is called Velocity Banking, and the crazy thing is … it can work.

Yes, even though I hate to give credit to the self-proclaimed money experts from social media, the Velocity Banking strategy CAN pay off a home in a fraction of the time … IF EVERYTHING WORKS ACCORDING TO PLAN.

The problem is in order for it to work, you gotta pay attention, and a number of factors could throw off your plan.

There are 3 elements you must have in play to try Velocity Banking:

1. Equity in your home
2. A Home Equity Line of Credit, and
3. POSITIVE CASHFLOW

In this episode, we break down how these factors come together to facilitate Velocity Banking, but we ALSO tell you the risks of trying to pull this off alone.

If that piques your interest, go ahead and check out the full episode.

We hope you enjoy!

This Week's Episode:

Can You Pay Off Your Home In Less Than 10 Years? | NEW MONEY NEW PROBLEMS PODCAST

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