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3min chapter
Should You Use Infinite Banking or Velocity Banking? Pros & Cons Explained
BetterWealth with Caleb Guilliams
Introduction
The host and guest explore the concepts of velocity banking and infinite banking, which involve utilizing a home equity line of credit (HELOC) to pay off a mortgage quickly and save on interest. They discuss the benefits and considerations of this strategy, highlighting that being debt-free does not equal wealth and that individual circumstances must be taken into account.
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