Velocity Banking with a First Lien HELOC - Anthony Rushing interview

#velocitybanking #hazeltinellc #firstlienheloc
Here we interview Anthony Rushing, one of the leading experts on the First Lien HELOC solution. We talk about the First Lien HELOC, how it can be used for velocity banking, and how it can be used to finance a whole life policy for Infinite Banking. We also cover many of the intangible benefits of the First Lien HELOC and various ways it can be used to dramatically improve your financial life and cashflow.
To learn more, schedule time with us here:
www.calendly.com/tradfinance
Contact us:
[e-mail]
678-201-1629
/ hazeltine-llc
ARTICLES/VIDEOS MENTIONED
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First Lien HELOC explainer video:
• First Lien HELOC - eli...
First Lien HELOC website:
www.firstlienheloc.com
Using a HELOC to fund a whole life policy:
• INFINITE BANKING WITH ...
"Becoming your own Banker" by Nelson Nash:
www.amazon.com/Becoming-Your-...
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MONEY SAVING IDEAS
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Velocity Banking with a First Lien HELOC
Refinance your mortgage into a first lien HELOC, or buy a house with first lien HELOC to greatly optimize your paydown:
firstlienheloc.com/how-it-wor...
My referral link: flhambassador.com/loganhertz/
Costco Insurance Program
Switch your home / renters / auto insurance to Costco - I saved hundreds this way:
www.costco.com/auto-home-insu...
Health Sharing
Replace your health "insurance" plan with a health sharing plan and save a ton on healthcare - Crowd Health is what I use (my referral link):
app.joincrowdhealth.com/r/MZEZNO
Bank/Credit Card Sign-up Bonuses
www.doctorofcredit.com
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Timestamps
0:00 Anthony's story
8:15 What is the first lien HELOC?
12:30 How do we best leverage the first lien HELOC?
18:20 Everything happens automatically with the first lien HELOC
22:35 Who is a good candidate for a first lien HELOC?
33:00 Using the first lien HELOC to make investments
40:05 Using the first lien HELOC to purchase whole life policies
44:00 Giving you control of your capital and financial education
46:40 Dave Ramsey does not approve of this concept
48:40 How Anthony is using his HELOC to fund his Infinite Banking policy
53:50 Client success stories
57:00 Amazing liquidity of the first lien HELOC
1:00:20 Psychological & intangible benefits
1:03:30 Synergy between Infinite Banking and Velocity Banking
#infinitebanking #infinitebankingconcept

[@HazeltineLLC]

If you'd like to learn more, please schedule time with us: www.calendly.com/tradfinance

[@icon5892]

Thank You!

[@HazeltineLLC]

Thanks for watching and commenting!

[@donaldricher8815]

Would 1st lien HELOCs be frozen if/when stock or housing market crashes? If so, one could not use their line of credit but would still be required to make monthly interest payment. Scary times.

[@HazeltineLLC]

Quite the contrary - if you watch my interview with Andy Brown, he had the All-in-one loan (very similar to the first lien heloc) during the 2008 housing crash. Not only was his HELOC not frozen, it provided him very important liquidity and helped him to weather the financial storm. In fact, he said it saved him financially during a very difficult time. Even if the line were frozen as you suggest, then it would work exactly like a mortgage. You'd have a required payment but wouldn't be able to pull anything out. It's interesting that people are quick to jump to worst case scenarios when presented with unconventional strategies. Yet when presented with conventional strategies, nobody ever seems worried about these same worst case scenarios. It seems to me people are just looking for an excuse to adopt the conventional wisdom.

[@Jesus-kt5dc]

I was wondering why are financial Institutions more willing to close a 2nd lien HELOC. I don't understand why a 2nd lien is more risky than a 1st.

[@HazeltineLLC]

Great question! I wish I knew, but my speculation is: force of habit, mostly. I imagine many banks don't know how to source the right customer to make the 1st lien HELOC a valuable product, and they don't understand velocity banking. For the way a HELOC is typically sold and utilized, a 2nd position HELOC makes more sense. It's typically a smaller line of credit and used like a credit card. That use case wouldn't make sense with velocity banking. Technically, being in 1st position is less risk for the bank because they are the first creditor in line to get paid if something goes wrong. You can imagine a scenario where a customer has a first position mortgage and a 2nd position HELOC; they get foreclosed on, and the mortgage lender gets paid back first, but the HELOC lender doesn't get paid back if the collateral doesn't cover the shortfall.

[@Jesus-kt5dc]

@@HazeltineLLC Wow, thanks for the knowledge. As the saying goes, if you ain't first, your last. Makes complete sense.