What questions do I need to ask when looking for a Line of Credit?

[@astikennel]

Dont forget to ask if theres any Prepayment fees

[@MoorishMade]

I love the clear board you set up in front of you. That was very impressionable.

[@et6032]

Oh my goodness i hit the like button with Star Trek speed- ward speed. Her knowledge deserve to be. Profitable.

[@paulsccna2964]

Christy. You are Vanntastic. Keep the info coming!

[@CBbizenterprise]

Great video!! Excellent preparation as I consider a HELOC especially question about all the fees. Thank you😊

[@emmapeel4299]

VANNtastic dropping knowledge. Great to know in this micro deep dive. Thank you 🙌🏻

[@wallstreetme]

Yes i like velocity banking since it essentially get you not to park your money in a savings acct and yet paying higher rates on other loans. 1) It forces you to take that extra cash and pay off higher rates loans 2) you still have access to cash via revolving credit card or Home equity line of credit in case of emergency 3) BUT you don’t save that much interest on your HELOC by parking your salary in there. 4) you could achieve same result by making extra payments to your loans but it is more cumbersome plus everyone (including the banks tell that you must have savings). No you need access to cash like the large multinational corporation with their revolving credits (which are paid down by year end).

[@ZedGirl]

@3:20 Christy... you meant LINE, not a loan 😮 re: 20K initial withdraw

[@VanntasticFinances]

@ZedGirl 😳😳😳

[@jag519]

You mentioned if we're planning on buying a house, to try to get a first lien heloc instead of a mortgage, and that you have places to get them from. Can you tell me who to contact for that?

[@SuperNelsonEddie]

Do you have a list on paper what we should be asking? Is it part of your program?

[@angelanorman4302]

What is a good APR for a HELOC? How much is too much?

[@bdoe132]

Can you use a BLOC for your mortgage amortization?

[@thecrownedjester]

There might be a way to do that, but that sounds like something that would draw extra attention from the IRS. I would ask a tax attorney.

[@bdoe132]

@@thecrownedjester so I'd need a different LOC specifically for the mortgage?

[@TyrenMckenzie]

Kessler told me no but offered me a loan