Line of Credit Strategy! Pay off almost anything using this technique!
Saturday, November 21, 2020
11:00 am – 1:00 pm
Have you ever thought about the quickest way to pay assets off without affecting your lifestyle? Buying an investment and accelerating the principal payoff and reducing the amount of interest you pay? This is the strategy:
The “Line of Credit (LOC) Strategy” is a personal finance approach that uses a line of credit (LOC) to leverage disposable income to pay down your mortgage or investment. The idea is that you would use this credit line as your primary operating account to pay your monthly expenses (similar to what you would do with a checking account) and then whatever is left over in disposable income would be used as a principle reduction payment to pay down the balance on the first mortgage. This would eliminate the need for a savings account as all of your extra funds would be used for principle payments and you would still have access to emergency/big purchase funds since you are leveraging an equity line.
Here’s Some of What You’ll Learn:
- What is the LOC strategy?
- What types of loans can you use for this strategy?
- What types of assets can you pay off?
- How it affects the principal balance
- How it reduces the interest paid
- Why it is a great strategy to use
Can’t Wait To See You!!