You are viewing a single comment's thread from:

RE: The Foolishness of 'Velocity Banking'

Excellent point. The idea is to pay off the LOC in a short period of time while rolling that money onto the mortgage. Of course, if one could come up with that amount of cash, why not just put it towards the principle on the mortgage?

Posted Using LeoFinance Beta

Sort:  

Exactly! The people pushing the philosophy always speak as if everyone has a couple thousand dollars lying around each month...I've never seen that on a consistent basis... Thanks for reading!