All Forum Posts by: Brian Cardwell

I will agree to the question in your first paragraph.

But the question wasn't which method was the best method. The question was does the velocity banking method work? Let us not confuse the issue here. The answer is yes and it works well. There are several reasons how/ why that were discussed earlier in this thread.  

So based on what you have just presented you would agree that it works? 

You hammer and nails example is an apples and oranges comparison.

The debate about the what the banks would do, is a waste of time to me.  I would suggest that neither of us have any inside influence or info on banking regulations. If I am wrong about that then I stand corrected. Then I would ask you to please enlighten us.

So we can agree it works, there are no tricks to it, and the comparison was with doing velocity or not doing it?

 Fair enough . So that there is no misunderstanding, does your "math" show it works or doesn't work? I don't want to misunderstand your statements again

To make this work , one only needs to be responsible and bring in more than they spend. The maths supports it and action supports it.

My comments is in no way is  a sales pitch. I am speaking the truth. If everyone did this then the banks would change the rules so that it couldn't be done. The banks would lose many thousands of dollars.

 I am not selling any approach. I was trying to be nice about it. I will be blunt now. Whatever math formulas you are using or process you are using is wrong.  I can say this with complete confidence because I have used this method myself. So there is nothing that you can say or show me that will convince ME that it doesn't work. The proof for me is in the action (pudding). It works if done properly.

 Just wondering what happens to the cash once you apply it to the loan? Some would say it's gone until you save up more or until you access with another loan. 

If you use the heloc you still have immediate access. Pretty simple.

 Lets not sling false information Jeremy Z. I am not selling anything. The math works if done  correctly. Can it be done with out a heloc? Yes it can. Do most people do it ? No. If you have not used this method correctly you wouldn't know that it works. Just because YOU don't understand how it works doesn't mean it doesn't work. It is just a tool to help those who understand. Don't Bash things you don't understand. There are correct calculation in this two year old Post. Learn from it. If you choose not to learn from it, don't confuse the issue here with false accusations. Again I am not selling anything or using some kind of trick. The math works. Can it be done a different way? Yup it can. This is just another option that works well.

Jim you are incorrect. It is ok though. If everyone understood how this works and used it, the banks wouldn't allow it.

They did the math incorrectly.

No magic just numbers ...really we are still having this conversation

Don't be THAT guy. The point is the HELOC strategy works if used properly. Is it the best way? It depends on several factors.....

No balance on the HELOC = house being paid off.

I miss no opportunities because I have the money to take advantage  them. Why? Because I don't have a mortgage payment. .... Funny how that works.