You Will Never Look At Money Or Loans The Same…

[@ReynaDPerez]

I can honestly tell you that you won’t find another channel explaining it better than Christy here at Vanntastic. She gets right to what needs to be said. Clearly and right to the point. Definitely worth studying 📚 what it taught here.

[@jayneweaver8695]

You are 100% right about that Christie is THE BEST! Hands down Number 1!!!!

[@stevenporter9114]

Through your videos and my own research, I have put a plan together to pay off my house in 3 years. That is no easy task because I live in the Phoenix, AZ area and houses are not cheap

[@nenaenriquez3480]

Wish you the best 🎉 please share your walk towards financial freedom... I live in Mesa, AZ

[@stevenporter9114]

@OdinRiseWolf I can agree with that. Love Toronto, but yes very expensive. I would love to go back up to Toronto Canada. I love, love, love The St. Lawrence Market they have the best bagels. I have a friend that works at the Toronto Zoo. Phoenix is no joke either. Our house is down to about $500,000. Love the house, but I want it to be paid off. I have a great job and am very blessed to be able to do what I do.

[@dianedeck]

Loving the old school chalkboard. Also loving all the free knowledge. Thank you so much. Ive watched you from the beginning. You have made it so easy to understand. Your'e a gem.

[@8thhousealchemist600]

Thank you! I got a HELOC at a great interest rate (5 year fixed) of 8.25% to pay off my high interest credit card and some get some must needed renovations. I took out $40k but only plan to use $25k.

[@jeulihonodel7626]

And you can keep using that money over and over for 5 year!!

[@locomoco2012]

8.25% may I ask what bank. I have 10.00 thru ncsecu

[@gtarules1]

What was your credit score? I was considering it when I was 650's and had 45K in debt. Now I am at 15K in debt and just paid off using snowball method and my score has jumped to 710.

[@karenwelch7980]

I’ve been told twice that I can’t qualify . 820 credit score 4700$ monthly income No credit card debt. Where do I go?

[@lillithjones993]

@@karenwelch7980That’s very strange. You and I have about the same numbers. I used my home for collateral. I went to a credit union. I wish you Luck.

[@melissadavenport401]

I wish I had known about this forever ago! But I know now. I watched your videos for two months and got a PLOC and watched another month. I then dived in and glad I did. I don’t see my checking account the way I used too. Thanks for the info Christy!

[@HomeandawayinPA]

Thank you so much for sharing your brilliant strategy! My husband and I are calling the bank this week to ask about a LOC. We are excited! So grateful to you. God bless

[@allysuewho]

I’m loving the “NO” button 😂

[@ShannanThomasTrucking]

Omg ME TOO 😂❤❤❤❤

[@courtneygratton5992]

Please Kristy, for the love of God, DON'T stop making these videos!!!!!! Thank you so much for all your hard work and time putting this information out into the world! It is truly appreciated.

[@VanntasticFinances]

THANK YOU! @courtneygratton5992

[@p-nz8mr]

You rock! God bless you for sharing this info w/all and helping people out!

[@debrawarner6165]

This is working for me. I refinanced thinking oh i got a great rate. Silly me. I found this channel and now i paid over 60 percent of my refinanced loan. I have one year left. Yayyyy!!! Thanks Chrissy you rock. I now know how to pay my loan off from the gwt go. However, i may just get a heloc instead.

[@TheSweetlife2001]

This has been a wonderful video. It has helped me come up with a plan for the next six months. Thanks so much.

[@VanntasticFinances]

@TheSweetlife2001 My pleasure! So happy for you!

[@AteamerHFF]

This shows you why it’s such a bad move to buy a house right now … The interest payments above 7% on a mortgage are insane

[@dejaerules]

one of the things it shows, for sure!

[@dennisgreening9531]

Thank you so much for all your videos, I called the bank a few days ago and inquired about a HELOC, I am working with a couple other lenders as well to see who can offer the best rates. I’m excited to own my home 100% in 2 - 4 years instead of 20! Stick with and work the plan and it’ll work out.

[@jayneweaver8695]

You are ALL kinds of fantastic!!!

[@MrMoman66]

Thank You!! Got my PLOC. Your teaching is awesome. Your are changing lives which leads to better health and happiness.

[@tammyebconquerncare1018]

Where you get your ploc from?

[@MrMoman66]

@@tammyebconquerncare1018 My credit union

[@vicentesanchez7168]

Love that Credibility you put on the tablet to the Nay sayers.. Lovely

[@raeveth]

Amen! The truth makes you free

[@Sofapati]

I feel so much better about my future after watching several of your videos. Thanks for being up front and looking out for our interest! I am so happy I ran into you! 😊

[@Bless-m1z]

If you make an extra payment on your mortgage a year it shortens the 30 year term to 15 yrs

[@TheMJT515]

OMG I'm first! Lol I've NEVER been first to any video.

[@VanntasticFinances]

@TheMJT515 😂 Congrats!

[@jonimarquez2202]

I wish I would have known this years ago when I refinanced twice to pay off my bills. I recently took out a 50K Heloc and it’s the best thing ever. Goal is to be debt free in 2 years. $100K in debt not including my home of 375K but that’s next ❤

[@nickwing6194]

Awesome channel ❤ can you also do car loans they are the worst. Please also show car loan examples this way. I am watching your videos now. Thank you ❤️ watching on my TV.

[@jimmiewhite7635]

Yes, CV, you are a superstar

[@fredrickhaemker8434]

Great information.

[@cynthiawalker6566]

I really appreciate your channel I wish I had known most of what I’m learning from you years ago I’m going to the bank today to ask for a line of credit I have loans and they are not serving me well.

[@PathToAgile]

Yes. So insightful. ❤ thank you Q: thought about asking those you have helped in the past videos to come back and give an update on where they are? 🤔

[@PathToAgile]

@Jesus-kt5dc Thank you ❤ It would be really great to hear the testimonies.

[@VanntasticFinances]

@PathToAgile I am working on that. SO MANY TO SHARE!

[@PathToAgile]

@@VanntasticFinancesawesome! ❤❤❤❤ thank you

[@dejaerules]

i recently had an 800$ car fix but didn't even notice because now i know how to use my money. maybe it set me back two weeks. ty Christy!!!!

[@chrisper7527]

Through her method, I was able to get a HELOC, out of which I’ve paid for a whole new 20 year roofing system, paid my homeowner insurance, paid my property taxes, got some car repair done, paid my regular monthly expenses, even splurged on some things. And my HELOC is almost back to its original amount, which I can use again. This is magic.

[@nicolamills8003]

Thank you for all your videos! Love from New Zealand. (I'm going to try it!)

[@TWB124]

Thank you for the valuable information can't wait to try it

[@santoshkothapally6282]

Thanks for making these videos Christy. After watching your videos considering mortgage for first home is bad idea. All I want to know is can I get first lien HELOC for the entire home value in place of mortgage. Appreciate your answer.

[@VanntasticFinances]

@santoshkothapally6 YES, and most states offer the FIRST LIEN …go here to schedule a call for more information flhambassador.com/christyvann/

[@santoshkothapally6282]

@@VanntasticFinances I signed up and learned that FlHELOC is not avsilable in Texas

[@juliawitt3813]

​@VanntasticFinances I live in South Africa. Does all this velocity banking translate to another country. I never heard of a line of credit....and have been in my own private medical practice for 30 years + I am really hoping that you will.answer.my query , as the exchange rate usd/ zar makes private consultations with the US totally unaffordable.

[@SamuelIrwinCPA]

Thank you! This is so helpful.

[@santosme2398]

I am a foreigner so I don’t know much about loan and line of credit but I’m learning here from you. 😅

[@ellef4812]

Would you suggest selling our current house which is paid off and worth around 300K BEFORE closing on our newly constructed house that's around $450K to use towards that loan and then just put rest on HELOC and not even do a mortgage? (We were wanting to sell after we move out and put ALL we made on our new mortgage to not mess with showings). FYI: Also, since we went "off the grid", we didnt have a credit score and that made us have to go through a different process where they had to "hand do" everything through a group of people to "qualify" us. So I'd assume our credit score is not high bc of this. Would we even qualify for a HELOC before sellinf our current paid off house? Thank you for your time. I just found your channel. I dont want to get a mortgage in literally 1 more month IF i should just do a HELOC.

[@Bright79-111]

Great video!👍🙏

[@MerryRobertson-i8s]

Hi Christy .. thank you for being a blessing ! So , I am a newbie to the channel. What if there was a foreclosure action .. and Loan Modification in process .. how and when can LOC /velocity method be applied? What would a good strategy be ? Is it even possible ? Thanks for everything 🙏🏼

[@VanntasticFinances]

Good question @user-hw6lc1hb7j … I’m not sure, but seems like you could take control back if you start chunking??

[@MerryRobertson-i8s]

Hi Christy.. well I definitely think I will do just that once set up. However, there is so much more going on.. credit score in the 500's .. currently on unemployment ect ect. I did implement a small scale velocity with my credit card . Want to look into an LOC/HELOC but don't know if it's possible so we could start chunking the credit card ,hubby's car Loan, and the Mortgage (started Mod process). We've been in our home for 20 years ..and obviously struggled some, now here we are. I could kick myself knowing we could have paid our Mortgage off WAY long ago.. Live and Learn right? Anyhoo, You are SO SO AMAZING!! Thanks so much for answering.@@VanntasticFinances

[@dmorris5458]

You are seriously the best

[@BettyJo-w5o]

I do not understand how you can pay off the HELOC; when the bank controls how you make a payment and the you have to ask them to put more money into your checking account to use the next month? And the you wantus to put a big chunk of money into this bill payment and pay other bills with the HELOC.

[@GMONEY-xl5gu]

Thus is my 1st time watching your video.Im pretty good with math but this is flying over my head. 😢😢

[@Chiodi4real]

Thank you for blessing my wife and I with such great wisdom. Does this apply if your initial five year mortgage was fixed? Can we still continue our initial mortgage?

[@lillithjones993]

THANK YOU FOR YOUR KNOWLEDGE!!! 🎉❤ If the Heloc has an annual variable rate will the credit union calculate the interest rate based on what is owed to the account at the end of the month or will they calculate daily simple interest? That part is confusing to me. The line of credit is at 8% today. The credit processor lady would not confirm with me the calculation used to determine the interest rate for the month. She was only able to tell me that I would be paying 1.5% on the balance monthly.

[@frankthomas6250]

Yes, Free!

[@deanleblanc4278]

How do you determine the “optimal” LOC you should seek? Is more always better? Thanks!

[@deanleblanc4278]

My current mortgage,15 year, interest rate is 2.35%. I’m currently in year 2… is there a calculation I can do to determine if the mortgage is better to stay in vs. getting a PLOC? Thanks!

[@patricia739]

Is there more advantages to getting a PLOC( personal line of credit, which I have), compared to a HELOC? What are the disadvantages of getting a HELOC? ( Home equity line of credit.) The bank told me the interest rate is much lower on a HELOC, so what is the catch Chris? 😮

[@patricia739]

What happens if I were to pass away while owing on a HELOC? Would the bank be allowed to take my house?! I’m not sure how these HELOC loans work, but they scare me.

[@oscarvargas2501]

When you own a house you should get a Living Trust. This way you leave your property to who ever YOU want

[@SoleilSolSun]

Hello Christy, if I’m following your videos correctly, you are essentially using a line of credit in addition to your income, to attain higher cashflow. This in turn allows you to continue increasing your credit and use any excess money for investments. Am I following correctly?

[@vickiemcintyre7902]

Easier to see on white board!

[@marcc922]

Ive left this comment on some of your other videos in hopes I will catch your attention. I am having a hard time understanding how you calculate the interest around time stamp 7:15. The average between 92,504 and 84,204 is 50,354 ( (92,504+84,204)/2 ). 10% of 50,354 is 5,035.4, not 740. What am I missing here? I am trying to map out my expenses under a velocity banking scenario but exactly how interest is calculated on a line of credit is stumping me. Thank you so much

[@sixstring4561]

What is a typical fee for a HELOC? I’m looking at a Figure Heloc at 7.4% fixed rate for 10 years and their fees are approximately $2800. I can start with an initial line of credit of $49,000. 2800 doesn’t seem like too big of a price to pay considering it looks like it will save me about $66,000! I’m in the fourth year of my mortgage.

[@kenia92805]

Does the land of credit has a pay day or is the line automatically paid every time you put money in?

[@michellemullally9217]

The couple saves almost 10 months of the couples’ salary is another way to look at using the LOC

[@Sofapati]

What banks are recommended for a Heloc? Not sure where to start 😅

[@OkeeeDokey]

Can you use Heloc to build wealth after you pay off everything even the house? Use it to invest in chunks?

[@VanntasticFinances]

@OkeeeDokey I DO!

[@Bless-m1z]

What is the % of interest rate on a line because mine tripled after 3 yrs and was not a good experience.

[@lisarobertson4485]

How can a person avoid all those fees and go it themselves?

[@oseagenmonmen5624]

Does your system work with Mortgage they way it’s structured in Canada?

[@VGP5123]

It’s 2024

[@Gray_Day_Flower_Farm]

How do I get a HELOC with a 600+ credit score?

[@lalethaeiland7895]

Y'all pray for me! I'm trying my best to get a PLOC!!! 😊😊😊

[@OGCJ10]

How did it go ?

[@bastiat6865]

Does this plan account for emergencies (medical and such?)

[@paulinezheng2224]

With SMSF loan, is it better to paid the repayment fortnight instead of monthly

[@thecouple4180]

Fix rate or variable rate HLOC?

[@paulinezheng2224]

If I have got $100, should I put it in offset account or home loan account? Which way can save the interest

[@garyruthannmurdoch6714]

Question dose 5 days with lets say 200 for grocery, and you let it sit for 5 days. Would like to know if it makes a difference for an average balance

[@annaholzner8711]

This is exactly my question. I understand the concept of being able to put money in your HELOC to sit there for a month, but I have the ability to only have money run through there maybe a week for somebody four days for others two days for others and I’m just wondering, does it make a huge difference? I was kind of running the numbers, and I wish there was more information about this as well. I did put some of the money I was gonna put in the HELOC. I put onto a credit card and was able to save 100 and interest that seemed more concrete and easier, but I love the whole flow of everything and how it works I definitely, love these hacks. It’s pretty cool. I’m just not right now. I use my HELOC but it’s paid down a little bit. I plan to practice these steps.

[@lebasicuizon2047]

Hi

[@Extinction.of.Innocense]

I would not even have a 7-8% on a car loan muchless on a 200-300,000 loan. That is just, financial illiteracy...are people really that dumb?

[@Nuu3333]

Getting a low interest rate on a car Is rare.

[@tinaf1390]

There's that button again!!😂

[@Richard-du2mk]

For clarification, you are consolidating all your debt then using all your cash flow to aggressively pay it down? I am getting the same numbers if you just pay the 740 monthly then just out the 1218 cash flow in it as extra every month, adding all your income isn’t necessary? Please explain?

[@Richard-du2mk]

Or is there a timing element where you put in all your income in at a certain time to make the interests the lowest then pay your bills off with it after the interests is calculated?

[@TheFieldsAreWhite]

Can I get a heloc at a different bank other than the one holding my mortgage?

[@chelsbolin]

Yes

[@ginnyrust6874]

How can I set up an appt with you? $148k mortgage at 2.375%

[@kristinshaw7497]

I love this. However, I think something is missing that would change the numbers some. The difference between the two scenarios is that when using a line of credit, the extra cash flow goes in to help pay down the credit line. If the same cash flow was added to the refi payments, that balance would also go down more quickly. I haven't checked the numbers, but I think this is significant. Let me know if I've missed something.

[@VanntasticFinances]

@kristinshaw7497 I have checked the numbers and you are incorrect. Thanks for watching.

[@kristinshaw7497]

@@VanntasticFinances Maybe we are not talking about the same thing. All I'm trying to say is that if you were to add the same cash flow of roughly $600 per month at the refi, it would amount to about $30 000 extra. That in turn would have to, in the end, reduce the interest payments on the refi by reducing the pay off time. Not saying that velocity banking is not vastly superior to this. I get that. And, I want to do this if I can get my other half to agree. I appreciate all the work you do here and have been fascinated to learn about Velocity banking. I now 'preach' it whenever I have a chance.

[@santoniop5618]

I know exactly what you’re saying and I compared it in a different scenario from a different video and the answer is it gets much closer to the same but the line of credit way still saves an extra 5-15k ish over just paying extra. So not as dramatic as the 80k+ but still saves more

[@kristinshaw7497]

@@santoniop5618 The savings are still significant in the scenario you mentioned, so thanks for sharing. I just want to see an apples to apples comparison.

[@kristinshaw7497]

Also, maybe there is some psychology in VB as well. Somehow, putting your whole paycheck into e.g. a HELOC makes it easier to naturally add the cashflow to one's payments. Don't know.

[@davidmitchell4663]

If you have excellent credit scores and equity ought to be in the title.

[@norbialaniz8442]

The banks are inn it all the time to Winn ! I can honestly say that Jesus lead me to Christy ! / this should be a mandatory class as you walk out of high school

[@sunoveristambul]

🏄‍♂

[@loft27ss]

Thank you for showing other options to beat the banks. But How about stop piling debts and looking for shortcuts? sell the cars ( buy used ones for cash), dining out,and live on less then you make. That mentality that you in title to all that shiny staff without delay- make you immature child. Grow up

[@Tee-Star]

A house is not luxury!😢

[@frisorama]

The comparison of a line of credit and a mortgage is not equal if you only apply a persons extra monthly cash to the line of credit and not to the mortgage. Redo the comparison and pay down the mortgage principal every month and keep your low interest rate.

[@life.re-defined]

W O E W O W

[@suzanacarey]

I love your content. I would give you 10 thumbs up if I could! Thank you!

[@ZoeSwagCrew]

How do I send you a email ?