THIS is how you cut that DEBT DOWN with VELOCITY BANKING!

Рет қаралды 19,077

Күн бұрын

Пікірлер: 83

@mintchocolatekeyz4055 5 ай бұрын

Christy, I love the way your patience shows when you talk to people. You’ve had a counseling sessions today. Great job with all the explanation & understanding. I love watching you!

@mrc9549 5 ай бұрын

My wife got sick and I took over the bills. I made everything come off a credit card and automatic so it would be easy for me. I just made small payments every week to the card for what was common out plus’s a little more to bring down the balance. My credit union offered me a home equity line of credit. Then I saw your videos. I may try this.

@michaelruiz6365 5 ай бұрын

Christy I love the way you explain things in detail. You are definitely a blessing to anyone who will listen to you. Thank you for your commitment to helping people get out of debt and become winners financially. Much love and respect!

@TheRealEp22 4 ай бұрын

This is a fixed spending dedication strategy to meet a hard goal. If the unknown happens, it recalibrate a bit to catch up. One must be dedicated to the process and pray that nothing gets you off track.

@tamikob33 5 ай бұрын

❤ Sis I am in the same boat! We will get there! You are doing a great job and you are on the right track. Christy is going to help us get there!

@danapattonroberts8768 4 ай бұрын

Hi Christy, thank you and I’m getting frustrated as my scores are too low for an HELOC. Several denials. I’ll try again soon. Thanks again for this great info. Praying for you. Dana

@aollis0225 5 ай бұрын

Christie, I love the way you explain all these. How do I obtain your services so you can explain my debt situation to me, what do I need to do?

@ashleerogers8664 5 ай бұрын

Omg. I am so glad that I ran across this video. I need your help.

@Mc.flyyy11 5 ай бұрын

Parents need to stop paying for theor kids basket weaving degrees.

@jdub9595 5 ай бұрын

The second lady was just making 101 excuses for her situation

@gladyspenn4646 2 ай бұрын

Thank you so much.

@ChetA-u6v 3 ай бұрын

I am beyond helping,

@R.Mason6388 5 ай бұрын

Christie, can you use a lOC or HELOC on Vacation Home?

@JayAnDana 2 ай бұрын

Christy, I've heard you say a few times now that getting paid biweekly makes things flow faster Please explain what this means Thanks

@marshallwise1763 4 ай бұрын

Can you use VB for paying off a tax debt?

@Sassycatsoapery 5 ай бұрын

Hi! Thank you 💜

@lanessiacarrington8283 5 ай бұрын

That second lady didn't breathe 1x and didn't answer Christie's question. 😳

@s.walden216 5 ай бұрын

👍Caller too much word salad 😭 I don't need to hear the sad stories... I want to hear the meat & potatoes of HELOC

@lanessiacarrington8283 5 ай бұрын

@@s.walden216 🙌🏾 exactly

@Thesimplelife00 4 ай бұрын

I know the caller didn't mean any harm...but it's so rude and annoying when callers give extra(unnecessary) details and speak over Christy while she's trying to give them solutions.

@donnyt857 5 ай бұрын

I’m watching several of your videos for the first time. Can you apply this process to a student loan debt???

@shanitaw 4 ай бұрын

Yes. You can use it for anything.

@Sony72604 4 ай бұрын

248000 mortgage with a 2.99 interest rate. Year 3 of the loan. Will this work for me. I don’t know if I can get a heloc to pay entire loan. Home is worth approximately 550 ish. No other debt

@Bless-m1z 5 ай бұрын

I can’t get a heloc and I have 500 k in equity with 728 credit score . Negative cash flow , 75K in debt . What do I do

@masopha30201 5 ай бұрын

You will have to use a PLOC or a Credit Card

@MargaretF717 5 ай бұрын

If you can’t get a heloc what hope do the rest of us have?? Jeez

@Bless-m1z 5 ай бұрын

@@masopha30201 PLOC ARE non existent IN FL you have to get a personal loan and % rate is just as high as credit cards.

@KidlatWheeler 5 ай бұрын

@@MargaretF717 he has negative cash flow

@flp376 5 ай бұрын

Credit cards work too. I have a person that I am helping right now that had a 24/7 loan that is 3500.00 but the interest is NUTS. She had two credit cards that had zero balance with 2000.00 limit on both. We did a 0% balance transfer into her bank 1750 on each card. Paid off the 24/7 loan saved 423.00 monthly payment. She will pay 1803.00 with 3% fee on each card. She has a 40.00 payment on each card. She is only having to pay that on one for now because the other card she is paying 383.00 a month. In 4.5 months she had the 1st card paid off. The 2nd card she has been paying it and in a little over 3 more months it will be paid. By doing this she will pay zero interest around 100.00 in fees from the balance transfers and save 423.00 a month that now can go towards something else. If an emergency comes up in the next 3 month she can pay as little as the minimum payment for that month without destroying her plan it will just take longer for her to pay it off. Or she can even apply for another balance transfer and start working on something. As long as she pay the balance transfers within 12 months it is free money.

@jackie1999 5 ай бұрын

Will paying the full balance off in one payment before the due date have the same effect on credit score boost as paying small payments throughout the month?

@rachellelewis9389 5 ай бұрын

I am curious is the HELOC an adjustable rate and how high can the interest rate go to?

@icon5892 5 ай бұрын

I was able to get a 5 year fixed

@rachellelewis9389 5 ай бұрын

@@icon5892 …ok but in this first example the woman was paying off her debt in 9.9 years, so is that an adjustable rate for that long of a time frame?

@alicesphone4480 5 ай бұрын

It should a revolving interest. Not fixed

@flp376 5 ай бұрын

It is adjustable but if you are using it correctly it doesn't matter because it still beats amortized rates most of the time. My heloc only went up to 7.76% between 2007 and 2008 by 2nd quarter of 2009 was back down to 3.2%.

@cathymartin19 5 ай бұрын

I was told by a loan officer cap at 18%

@ronaldallen4217 5 ай бұрын

Trying to find your playlist Ronald

@kimflavin7660 5 ай бұрын

Cynthia discusses a chase Marriott and usaa cc that is linked. Are you saying stop running all her money through chase and start using the usaa exclusively? I have the same exact situation that’s why I’m curious 😊

@kimflavin7660 5 ай бұрын

@Jesus-kt5dc thank you. The lady said she ran All Her expenses through her Chase Marriott card as her debt tool in order to gain points. That would be much greater than the min payment. It sounded like Christy was telling her to use the USAA cc as her debt tool but also use the Chase. So that’s why I’m confused.

@JessNDaveinVegas 5 ай бұрын

We have two properties with VA and the first property is being rented out long term making about $500 net monthly. I am wondering how would we qualify for a heloc if we just got the 2nd property as a primary residence mortgage is about 490k and value is about 570k at 4.99%. The rental property is at 2.75% about 600k value with 430k balance. We have excellent credit but just want to know the options as we want to pay down either mortgage or car loan 37k. And we have about 60k cash. If heloc is not offered do we use credit cards?

@stevowilborn 5 ай бұрын

So no bank and I repeat, no bank is offering a PLOC greater than $2000 in my area. In fact only 2 banks/ credit unions even offer a PLOC. I rent so I can't get a HeLoc. Credit card max cash advance is $250 and the banks will not increase it. Credit score is 737 with $4200 monthly income. After searching for weeks this is not doable. Looks good on paper but no place is offering this.

@Ivang017 5 ай бұрын

I would only do this if you own a home. Such as what she explains on her mortgage videos. It would save you a bunch in interest. Doing this to get a better credit score is kinda ridiculous. Simply paying your credit cards is the best way 🤷🏻‍♂️.

@stevowilborn 5 ай бұрын

The point is that the tools in her tool box do not exist here in East Texas or Houston. If someone knows of a bank that I can get a PLOC with please let me know. I just want one to pay off a $17,000 car at 9% interest before 6 years and less paid in interest.

@Ivang017 5 ай бұрын

@@stevowilborn I have no info on this but it looks to be impossible for you. I would Instead do the math and see how much more of a car payment you need to add. One of her mortgage videos, she did the LOC example but if she simply said pay an extra $1,100 to your monthly mortgage payment it would result with the same outcome and no need for a LOC. Do the math and see how much more you need to put into your car payment. See what you can cut out of your expenses and pay that extra cash into your car. You’ll get the same result but you are just adding it to your car payments instead of a instant LOC

@GeminiMoonThrift 5 ай бұрын

@@stevowilbornthere are a lot of credit unions in Texas that offer it. Have to do some digging might not be local to you

@nolanduarte 5 ай бұрын

Bingo

@sixstring4561 5 ай бұрын

What’s the best rate for a 1st lien HELOC? Is it simple interest?

@icon5892 5 ай бұрын

It is simple

@sixstring4561 5 ай бұрын

@@icon5892 thank you.

@STILLPHENOM 5 ай бұрын

Normally it’s whatever mortgage rates are in current times plus a couple of percentage higher.

@sixstring4561 5 ай бұрын

@@STILLPHENOM Thank you.

@ChetA-u6v 3 ай бұрын

If all possible please speak with me maybe it's possible to helping me financially

@aniroc414 5 ай бұрын

Can someone answer my question…when I make the payment to my LOC am I making the payment towards the principal or just as a regular payment?

@isaiahfelder445 5 ай бұрын

No you just say put this to my ploc thats how mine works no proncipal

@jdub9595 5 ай бұрын

The interest on an LOC is calculated daily at whatever percentage was agreed upon. So you’ll just be making one payment and that payment will pay the interest and then whatever’s left will go towards lowering the overall balance

@jojojordan5557 5 ай бұрын

Is anyone ever able to get a HELOC if in between jobs?

@barefootgardens22 5 ай бұрын

They won't give the first lady that much if she has a mortgage. If she owes 300k, they absolutely will not give her a heloc that high. They gave me 19k when I have 100k equity and have a decent amount paid down. Maybe if she got an appraiser out there they would get her more..

@x1low01x4 3 ай бұрын

switch banks

@EmilyBrowneyes 5 ай бұрын

Please help me

@cynthiacampbell1283 5 ай бұрын

Why do you keep going away and Vanntastic logo keep showing up?

@deval3596 5 ай бұрын

yeah it's annoying, but I think that maybe the program she's using might be switching over to the person she is talking to and she's blocking it out for privacy.

@floridaregisteredagent9488 5 ай бұрын

The logo shows she is on a coaching call.

@WoThatsCrazy 5 ай бұрын

That's obvious

@rettpanda6203 5 ай бұрын

It's because the person. She's talking to doesn't want to be on the screen

@_Island_Boy 5 ай бұрын

You're focusing on the wrong things my guy/gal. Please learn

@XRPSkates 5 ай бұрын

Let the professional talk talking too much

@mysticlala 5 ай бұрын

I agree.

@Mrzdavis11 4 ай бұрын

OMG Yes

@johnnyhernandez6067 Ай бұрын

Ain't that annoying smh

@Drina-sq3zg Ай бұрын

Listen!! Talk too much…

@MrBuckeye63 5 ай бұрын

❤️😊

@s.walden216 5 ай бұрын

👋You are so helpful! However, so much word salad from callers.. please ask your callers to just answer the question.. sad stories are not needed.. please just answer the questions.🤐 Fast forward the video to the breakdown detail we miss important info.