But how can you use a credit card to pay down a mortgage, I don't think mortgage accepts credit cards

I am sincerely proud of YOU! That's amazing

You must be ignorant at simple math if you think this bastard knows anything about finance! He can’t even do math ! And the dumb ass thinks mortgage interest is calculated differently than any other loan! He doesn’t know anything about loans !

Mortgage ? Are you one of the idiots that think mortgage interest is front loaded or compound interest? Because it’s only Simple interest ! Just like any other loan ! And

Are you just helping this scammer or are you really that damn stupid

@cucar8363 Thank you. There's a whole lot more where that came from. If you'd like to know more, I would love to show you: calendly.com/g12group/velocity-channel Or If you would rather learn Velocity Banking, I can deliver that too: bit.ly/VelBan2 CJ

@Lambchop59 Thank you for your comment and for subscribing ;) Somebody's got to do it! :)

@confusedzentradi you don't understand before you make your comment understand the difference between the interest rate on a LOAN....... vs interest rate on a LINE OF CREDIT. And the difference of WHAT ur are paying towards and how the bank tricks u....by the way u are "allowed" to pay them back...the % rate is a deception. If u have a loan at LOAN at 8% at 5000k and line of credit at 21% for 5oook.....on A line of credit u only pay interest on what u have left TOTALLY.. A loan the banks have u screwed to pay off ALL the "interest " first THEN ...years later START to pay off the principal u borrowed. In a line of credit ur NOT paying interest your just paying the amount u owe and interest is recalculated down daily on whats left.. ...as that amount goes down as u "chunk" down payments the amount is what u owe interest on. The differences are in a loan INTERST is paid FIRST ...and, whereas a line of credit at 21% can be paid off MUCH MUCH faster for ALL ur money is paying off the "whole borrowed" amount . Interest feeds off a loan...a line of credit no matter the interest rate "ALLOWS" u to kill the principal which kills the interest rate..a line of credits interest rate is calculated differently it's figured "daily" on the amount left , since u whack down that principal daily the interest rate on what's left is less and less. On a loan rate interest % is based ONE TIME period ur stuck at 8% no matter the amount...the demon is u ARENT ALLOWED to whack at the principal for years til ALL thier interest is paid off first!! So how many YEARS are u trapped at 8% just paying the internet vs just months just wracking down the principal at 21% at first but less and less owed interest since you've wkacked down the principal to which is adjusted less literally every day. You looking at rates 8% vs 21% vs how fast and what u are paying off each month...think of me selling u a car 5000k at 21% but u have to pay off all the interest FIRST to me month after month...or a car at 5000k at 21% and u can pay me off in months not because u give me more many...same amount. But WHAT are u paying off to me? The car amounts interest only ... first ...or the just the cost and I recalculate the interst u owe me daily by the lesser amount as it gets cut down of the actually cost of car u owe me. Don't fall for the bankers tricks never sign up for a LOAN for all u must pay the interest only ..trapped for YEARS.

This is my first video of his and, I thought the weird edits were on purpose. Lol It is distracting but since you explained what the issue was, I'll be binging his other videos, too. Thanks.

This is my first time seeing this particular video. Great information indeed. However, I agree, it would be better if the topics discussed were covered in their entirety before splicing into the next topic. Just my thoughts. 😊

You must have went to a terrible school to think this dumb bastard makes sense

@jamelappsolute457 Thank you for your comment and for subscribing ;) If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel Look forward to working with you. Go forth and prosper!

You don't. CFI is financially stupid.

@jameslittlejohn4524 Thank you so much!

@timsimms6188 Thank you for your comment and for subscribing ;) If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc Look forward to working with you. Go forth and prosper!

@glycyldi 21%... calculated differently

@@velocityc Rate times balance. That's how interest is calculated everywhere. It may be an average daily balance or the balance on certain day, but it's still rate times balance. And 21 is 3 1/2 times as much as 6. I'm starting to think you don't do math so well.

​@glycyldi Amortized interest, which is what mortgages are, end up costing much more than simple interest on credit cards, though they're lower.

​@@glycyldi obviously you have characteristics of a close minded individual who believes there is only "one way to skin a cat" as we say down south. Could you take a minute and see "the Forrest" rather than the "trees" and come at this conceptually rather than with literal exact math. Sure, when it comes down to it, the numbers matter but as he so eloquently mentioned, he's breaking the concept down to a 5th grade level so that we(yep, including you) can gain an understanding of what the strategy entails thus arming us with the tools to then dig deeper into the precise mathematics of it at a later time. How about you watch the video again but this time suspended your disbelief and become an observer of information rather than a bonafide critic. This man is changing life's by sharing The Good News and we dam sure don't need a doubt Thomas around trying to bring down the vibe. So, are u willing to sit back and just see and hear the message rather than blind yourself by your own lack of faith.? Is it in you to be a life long learner? Up to you bro. Up to you sis. This is a channel of value so either velocitize or get left standing stuck in your very calculated debt. Please and thank you

Rate times balance calculated with open ended and closed ended interest if we're being absolutely correct

At times, but it depends. Let's talk: calendly.com/creditwiz

@aprilm4423 You're actually still paying mortgage, just in a different way. If you'd like to know more, I would love to show you: calendly.com/g12group/velocity-channel Or If you would rather learn Velocity Banking, I can deliver that too: bit.ly/VelBan2 CJ

@RetireAbroadInvesting Thank you for your comment and for subscribing ;) I think I fixed it. If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc Look forward to working with you. Go forth and prosper!

@briandeluca6908 My bad. I also have a class that goes over the Velocity Banking in more detail and in a user friendly format: bit.ly/VelBan2

How is it that those people that DON'T create content are the first to bag on the content that others create? Maybe if you took the time to create something you would know the amount of time and effort it takes. Maybe you could take the time to thank someone for the effort they put into their content and the value you gained from that content instead of making comments that are not constructive and provide no valuable feedback....

@@wjmoon2831 how is it that people who don't create content are the first to bag on people who don't create content that are bagging on people who do create content.....

@@Handleneeds3ormorecharacters84 Actually, I DO have a channel that I create content on, this is my personal account...so, nut-up or shut-up....

@glennjohn1388 Thank you for your comment and for subscribing ;) If you're interested in discussing further, you can click here to get on my calendar: calendly.com/g12group/velocity-channel If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc Look forward to working with you. Go forth and prosper!

@wjmoon2831 Hey I really appreciate that. There aren't too many people that stand up for one another these days. If you're interested in discussing further the Velocity Banking Method [or even the tool], you can click here to get on my calendar: calendly.com/g12group/velocity-channel If you'd like to stay in the know with the latest Velocity Banking Methods, subscribe here: sendfox.com/velocityc Look forward to working with you. Go forth and prosper!