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2min chapter
Should You Use Infinite Banking or Velocity Banking? Pros & Cons Explained
BetterWealth with Caleb Guilliams
Examining the Potential Downfalls of Velocity Banking
This chapter discusses the potential risks associated with using the strategy of velocity banking, including the possibility of losing your HELOC in various scenarios such as job loss or market crashes. It highlights the freezing of HELOCs in 2007-2008, laws protecting homeowners with HELOCs, and emphasizes caution with second-line HELOCs.
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