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Ep #203: The Mortgage Workaround Going ‘Round: Is Velocity Banking Legit?
Manage episode 437886293 series 2799517
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We are constantly inundated with clickbait-y headlines and concepts that are hard to ignore. A once-a-day pill to shed fat, increase alertness, get wealthy, grow your hair back – whatever it may be, even the biggest skeptics can begin questioning their skepticism when painted a convincing enough picture. But what about velocity banking? Is it another fad or an exception? Can you really use this as a method to not only shave years off your mortgage, but also save hundreds of thousands of dollars in interest over the life of your loan?
On today’s episode, we’ll discuss the ins and outs of velocity banking and also revisit the math behind amortization schedules for refinancing.
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