How to Pay Off your Mortgage in 5 Years -  免费在线视频最佳电影电视节目 -  Viveos.Net

How to Pay Off your Mortgage in 5 Years

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  • Published on:  Wednesday, September 13, 2017
  • Ever wonder how you may be able to pay off your #mortgage within 5-7 years (depending on your situation) without adding a single penny to your payment and not #refinancing? Sam Kwak is going to show you a strategy in how you can use a different method/instrument to pay off your mortgage quicker! This strategy is called the "Debt Free Acceleration" Strategy. This strategy has many other names such as "Velocity Banking", "Mortgage Acceleration", "Accelerated Debt Reduction", "HELOC Strategy", and more!

    📺 THIS IS OUR OLD VERSION...WATCH THE NEW VERSION HERE: https://www.viveos.net/video/3f-ebCjeH8o/video.html

    📊 Download Our HELOC Calculator: http://chopmymortgage.com

    📼 Check out the SEQUEL Video on how to use this strategy to CREATE Passive Income: https://www.viveos.net/video/lq5ag71CbJM/video.html

    SUBSCRIBE for more helpful real estate related videos!

    We first need to understand how mortgages work. In this strategy, we are using a Home Equity Line of Credit (HELOC) as a leverage to pay off the mortgage quicker and still maintaining our income and expenses as how they are. You can also use other instruments such as Business Line of Credit, Personal Line of Credit, or Credit Cards for the purpose of this strategy. The beautiful thing about this strategy is that it allows us to take an inefficient debt and convert it over to a much efficient debt.

    The emphasis on this strategy is mainly on cash flow and principal balance reduction. The adage strategy of taking your hard earned money you earn and paying extra toward the principle is an old school strategy. While it works, the Debt Free Accelerator Strategy is a much more efficient way of paying off an amortized debt. This strategy will also work on Student loans, car loans, personal loans and so forth! Don't let the banks trick you with their amortized products!!!

    WATCH THE NEW VERSION HERE: https://www.viveos.net/video/3f-ebCjeH8o/video.html
    Be sure to subscribe to our YouTube channel for more Real Estate Investing tips and tricks!

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    @thekwakbrothers

    #heloc #mortgagepayoff #helocstrategy

    DISCLAIMER: Sam Kwak is not a licensed mortgage broker, not real estate agent, not a Certified Financial Planner, not a licensed attorney, and not a Certified Public Accountant. Viewers will consult with their professionals prior to engaging in any financial strategies. Not everyone will experience 100% success rate with using this strategy. This strategy does require equity, a good standing with your current mortgage and the patience to use the strategy. The result of paying off your mortgage within 5-7 years is atypical but it represents a likely possible outcome for individuals who use this strategy. We (Novo Elite and DBA The Kwak Brothers) does not warrant a promise or a guarantee any specific outcomes and/or results from the use of this strategy.
  • Source: https://youtu.be/TWh5vBa-jhM
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  • The Kwak Brothers

    The Kwak Brothers

     7 months ago +48

    THIS IS THE OLDER VERSION OF OUR VIDEO!!! HERE IS THE NEW VERSION: https://youtu.be/3f-ebCjeH8o

  • J NULL

    J NULL

     14 hours ago +2

    Why not just take whatever your principle is and have apply an extra principle payment each month- then you dont have to fool with HELOC- i guarantee if you can absorb the additional principle payment each month- you can pay off your mortgage quicker

  • Carolyn Fredrickson Hexum

    Carolyn Fredrickson Hexum

     yesterday

    Yes we still have sincere peoYes we still have sincere people out there; they helped me a great deal with less the amount these scammers took from me. Rock Base Credit Repair increased my FICO score to 792 average, removed all the negatives, charge offs and marked late payments as on time payments. Contact RockBase via R O C K B A S E @ P R O T O N M A I L . C O M / +1 (972) 449-1968. This is a 5 star review and I want to state clearly I was not under any financial obligation to do this. Cheers!
    ple out there; they helped me a great deal with less the amount these scammers took from me. Rock Base Credit Repair increased my FICO score to 792 average, removed all the negatives, charge offs and marked late payments as on time payments. Contact RockBase via R O C K B A S E @ P R O T O N M A I L . C O M / +1 (972) 449-1968. This is a 5 star review and I want to state clearly I was not under any financial obligation to do this. Cheers!

  • Jesus Clessi

    Jesus Clessi

     yesterday +1

    I have never commented on a video before......ever. If I assume that the Kwak Brothers are legitimate real estate investors, I would have to say that their strategy is based strictly off of confusion and not actual math. Let me get this straight, you’re telling me to get a heloc on a home I apparently already have equity in and max out that credit line at a higher rate than my actual loan? Then come up with a magical $5k to pay it down and somehow you’re telling me I saved money.....the math just doesn’t add up. You are using funny numbers. And it all started with a $100k loan at 5% interest....”You will pay $80-$100k in interest”. This is basic math. Payment would be $537. And total interest paid over the life of the loan would be $93,256.

    In the end, I am angry that I wasted my time watching this nonsense and angry that people have a thumbs up to a kid who can’t operate mortgage calculator or use real numbers, or even an actual investing strategy.

    I’m done.

  • Momma Love 3.0

    Momma Love 3.0

     2 days ago

    So is the HELOC like a revolving line? Like if you get it for 25,000 and put it all on the mortgage. Untill you make that first months payment back to the HELOC you have zero left. But say you then have whatever your payment was back on the HELOC how do you get the money back to live?

  • Marie Streeting

    Marie Streeting

     6 days ago

    In your example is that $400 a week or a month??

  • Crazy Canadian

    Crazy Canadian

     6 days ago

    What he says is true, this happened to me, in 1980 a proxy at the TV station wee had the same prasantation, after I talked to the person, and he said that I can make 13th payment every year ,that's how I payed of my morgage in 5 years. Garantie. that's if you have the extra money to pay every year.

  • Anoush Khaze

    Anoush Khaze

     6 days ago +1

    Here is a solution without having to do all the complicated math. Let the Software do it. @t. This works even without a line of credit.

  • Nam Nguyen

    Nam Nguyen

     7 days ago +4

    He is selling snake oil. He is essentially telling us to switch a fix rate loan for a variable rate loan. His explanation sounds like a bunch of mumble jumbo that is intend to confuse us. Don't listen to this guy. He is a fraud.

  • Barbara Nelson

    Barbara Nelson

     7 days ago +2

    Bank will not qualify you for a line of credit unless you have a very good amount of equity on your home to begin with. If you have very little equity in the home already... good luck with that!

  • SB miles

    SB miles

     7 days ago +4

    2:05 and for those of you that don't know how to spell "principal".......

  • Chris Vincent Sayson

    Chris Vincent Sayson

     7 days ago +7

    how can we trust someone who thinks principle and principal are the same. hehehe

  • Bar and Bell Home Fitness

    Bar and Bell Home Fitness

     7 days ago +2

    What an awesome video - !! I am a new condo owner - put 60 (sixty) percent down on condo Jan. 2020 .. Bank tried to stick me in 30 year mortg. I asked them to up my mortgage by $150 a month.. .. they said it would take it from 30 to 15 years ……. WOW!!!!!!! I realized it was almost ALL INTEREST those first 15 years. .

    My 15 year mortgage should be paid off in 5 to 7 years .. EASY!.. it is LESS than the rent I would have paid if I continued renting the next 4 years in the place I'm currently living. I also keep 6 months emergency rent / mortg. payment in liquid savings.

  • SB miles

    SB miles

     7 days ago +3

    FYI , you misused the word "principle". When referencing mortgages and monies that have interest being paid on them, the correct word is "principal".

  • Elie Azar

    Elie Azar

     7 days ago +1

    I can show you a much better and much faster way which got to me to the stage I'm at but I don't know how to do a youtube video.The reason I can show this is because I have achieved it so I can show people how I did it and they can decide if it suits them etc but don't take advice from anyone that hasn't achieved success and so many scammers on here that's hard to find a real one.

  • Peter Teichroeb

    Peter Teichroeb

     7 days ago +3

    It's an interesting concept. However it only works if your HELOC interest rate and your mortgage interest rate are the same or better. With the interest rate examples in the video I would argue he's losing money.

  • Elie Azar

    Elie Azar

     7 days ago +2

    On a line of credit they charge you a way higher interest rate... but then again you would know that if you used this. The bank isn't as stupid as you hence why they are billionaires and you're not lol

  • cordelearts

    cordelearts

     14 days ago +3

    His "short less than 15 minute video" last 25 minutes.

  • canadianjatti

    canadianjatti

     14 days ago +1

    most banks give you the option of increasing your mtg payment (so more goes to the principle) or paying additional on the principle i.e. 20% each calendar year. Take advantage of that and if you have the cash flow go with a shorter amortization period so payments are higher but its paid off faster. I save and make extra payments on my principle....

  • George Apostolakis

    George Apostolakis

     14 days ago

    Offset account is all you need. Works as a checking account, any money in the offset saves interest payments off your principle.