Before You Open a HELOC… Run This Math First

Are you about to walk into a lender’s office to ask about a line of credit or HELOC? STOP. In this video, we reveal the critical questions you MUST ask to avoid getting steered into the wrong product, paying more interest, or even getting disqualified altogether.

We’ll walk you through real-life examples, lender tactics, and how to use velocity banking to access and manage your equity smarter — and put yourself on the fast track to debt freedom and long-term wealth.

Time Stamps
00:00 Intro
00:27 Critical Questions You Must Ask
01:00 What’s the Strategy Behind This Line of Credit?
02:20 Understanding Velocity Banking
03:40 How Lenders Try to Talk You Out of HELOCs
04:50 Answering Lender Questions Without Disqualifying Yourself
06:00 Why You Must Learn the Strategy (Not Just Use Software)
07:30 How to Explain Your Mortgage Payoff Plan
08:15 Property Type & State Laws (Why Texas Is Unique)
10:00 What Will Disqualify You?
11:00 Understanding LTV Limits and Equity Access
13:30 First vs Second Position HELOCs Explained
15:50 Calculating Your HELOC Potential
16:50 Long-Term Draw and Repayment Periods
18:30 Can You Renew Your Line of Credit?
20:00 How Banks Make Money (and Limit You)
21:00 Texas Rules: Minimum Draws and Usage Limits
22:30 Revolving Credit vs. One-Time Loans
23:10 Final Thoughts: Ask Better Questions, Get Better Results

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If you want to achieve TRUE financial freedom, you're in the right place.
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If you're looking for How to invest tax free with your retirement account, or how to build retirement income that is TAX FREE, I'm here to help. Whether you have or need a self directed retirement plan, a self directed IRA, or self Directed 401k, you are in the right place.

My goal is to take something that seems so complicated and make it easy to understand. Please let me know how I'm doing and if you have any further questions you'd like me to answer here, or topics covered. I'm happy to do them and would appreciate the feedback.

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HOW TO CONNECT:
www.selfdirected.info
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DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Donnell does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.