I bought a house which had a regular 42 year bank loan. I got into interest free economy and was done in 7.5 years. The interest is the killer.

I need help can you help me with my 260k debts

I'm probably missing something... please someone comment and let me know. For the LOC payoff, how can you pay off the entire balance of the LOC by month 6? What about the $4100 expenses that are added every month to the LOC balance? Wouldn't that get added to the balance bringing the balance to $4100 + interest accrued? If the expenses are not being added to the LOC, where does the money for expenses come from?

Christy I was watching a video of Denzel Napoleon Rodriguez about All In One Loan…what is your take on this? I listened several times first time “ very confused” second time “ guarded since you have to qualify and most of us paying off debt could not afford to set aside 20-40 or 60K in a cash reserve…those were just some of the things that jumped out…. If this is a good thing I am not seeing it. Maybe like some life insurance policies only good if you are a 30-40-50 yr old borrower. With 20% DP or 20% or more equity in your home depending on your LTI you will need a higher Credit rating if you are not in the right numbers on your LTI … you also have to pay a one time loan insurance payment … the more I listened to that the more I saw all these investors sitting around the table wanting their funds to be guaranteed so they don’t get stiffed by the borrower. Something when your home is purchased or loan paid off like a first lien Heloc. You have access to cash for a long time… sounds TGTBT This does speak to the banks having to offer better financing opportunities for borrowers/ investors than the traditional way or go out of business. It will be interesting to hear your thoughts on this. I understand you can pay that loan but you can also spend and grow that money towards investments. I am not seeing this… but they must be doing something right as there have many folks have gone to the all in one loan. Something about the automation as well. Lots of talking-- too much-matter of factly. Interesting to hear your input. 😊

you are so funny...I get those rediculous checks

Where can you get a PELOC? ive been looking but noone us offering? Also, can you get a HELOC instead of a mortgage when on a first time purchase?

I'm proud of you! Keep spreading the message!

My husband and I want to get our finances in order. we're living paycheck to paycheck. Can you PLEASE help us?

👏🏽👏🏽👏🏽

I knew about the amortized interest being more than the cost of the house, but I didn't know about the LOC option for living expenses. OMG! Thank you for this video.

Awesome🎉🎉

I tried that program and it said i can get out of debit in 11yrs and it will cost me 4k. no thank you! its not what they say.

Ya,we know!

If I have a mortgage that is recent / new how quickly can I get apply for a 1st lien heloc with great credit? within months or is there a specific waiting period?

You are correct

How do I put my income in my line of credit .?

I'm financially illiterate you've helped in 2 days tremendously ty

Amazing God bless you I prayed and you popped up on my phone

I just have one question that I hope someone can answer? PLEASE Are you using the LOC to pay the mortgage every month and paying interest twice? Or do you just put your cash flow to the mortgage? Thank you !!!

How can you work with a smaller CLOC of 3,000?

Do you have to get your HELOC through who you have your house loan with?

How do you recommend buying a vehicle? I know loans is a dirty word. My credit is about 690 I guess that’s fair.

Can you please give me resources for a fixed rate HELOC? Thank you!

information please

❤🎉🎉

With credit card debt under $20k it doesn't make sense to get Money Max account. The payment was $2500, better for mortgage debt

"🎶 This is why we do it! 🎶" I'm cracking up!! 🤣🤣🤣

I have said this for a long time.

Do payments have to be made after closing date?

I just came across your videos when I was searching if snowball or avalanche method is best for paying of credit card debt. I have been watching your videos and feel like I understand how it works but the one thing I am not getting is how do you account for the interest that automatically is charged to the credit card before you payment is due. Do you include your minimum payment as part of your expenses each month? Hope this makes sense. Thank you!!😊

What year was this video made?

YES YES YES Somehow the mindset has been flipped powerfully over generations (myself included!) WE are offering the banks the opportunity to work with US. Let them jump through the fire hoops to earn our business. Same with employment. I've begun to suggest to my son and his generation to expand the perception of interviewing THEM as much as they are you. Ask..."is this a company or individuals I want to invest my time with?" This is a collaborative process. The mindset needs to switch to one of partnership versus "I pay you, I own you and your time".

Sounds to me you use the HELOC or LOC to pay the the mortgage and a little extra each month and you deposit all your money every month into the heloc or loc account to pay the loan of the heloc or loc off then that frees up the loan money again like a credit card and you can pay for all your bills and everything and just keep rinse and repeating this for as long as you need or for how ever long the HELOC OR LOC is valid for. Im probably totally wrong but this is how my brain is interpreting this method.

While you are right and the strategy is great. Your math isn't mathing. The 6th month you said it's "paid off but you didn't deduct that months expenses. It actually will take more like 12 months to pay off.

How do they benefit with cutting limits

I downloaded this App about 2 years ago. It's true, download it, play with it, and see what you csn save!

Wow!! adding debt upon debt. The hole isn't big enough make it bigger! 😂

On my credit cards, I can nearly Max out through the month. Then, make just one time payment to pay it off in full BEFORE the Statement Close Date. After the Close Date, don't use it for a few days to make sure it posted. You get charged No interest in this case. I don't even know what my "Due Dates" are, I strictly go by the Statement Close Date. Look it up peeps! Edit: THANKS for these videos!

I found out yesterday I'm losing my six figure a year job of 14 years because the company is closing my branch. I'm roughly $300,000 in debt with mostly secured loans, and approximately $24,000 in credit cards. I'm really hoping this will help.

Isn't it better/simpler to add the extra payment (that you are now allocating for LOC) to make additional principal payments every month?

Great info. Helpful advice

I love that you are a Christian! I see why you are so blessed and I will help grow your channel! God bless you and to God be the glory!

U da best! 👍

I would like to understand the principle, but I don't fully understand it. I am from the Netherlands myself, and I don't know whether this could possibly be applicable here.

Thank you!!!

In order to do this successfully you need about $15K to $20K increase in your income as well

Hey Christy, Why dont you talk about ERISA!??? ALOT of seniors and disabled people cant be compelled to repay their debts. Even taxes!!! In 1974, ERISA was enacted to protect almost ALL retirement and disability income from lawsuits and collection!!!

What’s not being explained is that the line of credit interest and morgatge interest accrues at much different rates

Oh my goodness! Thank you! This is the type of video I have been searching for to pay off my mortgage quicker. And God brought your video to me. Thank you, Jesus! And thank you for posting it!

Why do CC cut your limit? Because you don't use it after you pay it?