Can you use this for new construction from a building in a new development? If not, are you sort of screwed into paying closing costs on the original mortgage and then paying closing costs a year later on the 1st lien?
Good question! We can do a First Lien HELOC on a new-build at the point that the home is already built. Although that answer may seem like a given, I'm comparing that to the scenario where someone wants to build a house and needs to fund the build. In this case, they would get a construction loan to fund the build and the First Lien HELOC would then refinance them out of the construction loan, just like a regular mortgage would. - Anthony Rushing
@AnthonyRushing-q1j I think I understand your answer, thank you! We're looking into a new development going up this year, and I'm totally out of my wheelhouse for new construction. I'll be looking into your team/bank in the near future for sure!
Todd - thank you so much for the compliment! The fact that we only work with people when we believe that it will help them is a huge driver for me. Chris - I totally agree with Todd, thank you for having me on, it was great!!!
Great idea ! I tried to schedule an appointment, but unfortunately Hawaii does not provide the opportunity for this type of service. I will continue to do the process manually. 😩
@Paka6267 - I'm sorry about that, you're correct, we can't do First Lien HELOCs in Hawaii. That being said, I think there's a group in Hawaii that specifically does this and may have a Hawaii bank that can help.
I was going to go with you for a 1st lein heloc. A very good salesman from another company convinced me to go with their company. I've only had it for a month and a half and it's already been sold off to another company. There's no checking account associated like they promised. I was lied to at basically every step of the process. I should have gone with your company.
@evilevon - I'm not a very good salesman.....but we are pretty successful because we are honest, have a great product, and know it extremely well. Would you be up for hopping on a call to chat about what we have? It may not make sense to come over here, but it might be worth a conversation about it. If so, shoot me an email at anthony @ firstlienheloc . com
How does it work if all disposable money (money that is saved) goes into high cash value whole life insurance -premiums, policy loans. There’s nothing extra at the end of the month.
You can borrow against it and put it back into the HELOC. They key would be then investing it in something that is paying you a spread on your investment.
Depends if you have debt or not, pay other debt before paying off mortgage, you will dig yourself in a hole, remember you have policy loans with interest that compounds yearly. 2nd lien might work better in your situation, it could provide some breathing room if paying off other debt and policy loans
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio....
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days.....
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert Williams Owen
Hi I met both of you in Nashville 😊, I'm wondering if someone can mimic your program? We have a second lien in Texas. I think we have enough to payoff the mortgage which would roll the second position to first. Then put everything we can into the first position.
@lesliemaness999 - that's awesome! That was a great conference! You could definitely do this. You'd just want to make sure that you have enough equity in the second (now first) to cover for any emergencies while you build-back up your equity as you pay it down.
Unfortunately we are unable to do investment properties at this time. We're working with the bank to make it available sometime soon (Hopefully....) Would you consider one on your primary residence? I didn't go into the weeds with this, but there's a way to leverage the HELOC on a primary to not just pay off the primary's debt, but to also pay off holistic portfolio debt while also maintaining liquidity. I'd be happy to help you figure out if it would be good for your situaiton.
Why do you keep talking about talking about and the talk about amortization instead of showing the numbers then you talk about the rules but never showing anything that makes it clear! WTF!
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
1st lien HELOC is the way ..we were able to pay off our house in 6.5 years
Love this!!! It really works for the right person!! Thanks for sharing your success! - Anthony Rushing
Can you use this for new construction from a building in a new development? If not, are you sort of screwed into paying closing costs on the original mortgage and then paying closing costs a year later on the 1st lien?
Good question! We can do a First Lien HELOC on a new-build at the point that the home is already built. Although that answer may seem like a given, I'm comparing that to the scenario where someone wants to build a house and needs to fund the build. In this case, they would get a construction loan to fund the build and the First Lien HELOC would then refinance them out of the construction loan, just like a regular mortgage would. - Anthony Rushing
@AnthonyRushing-q1j I think I understand your answer, thank you! We're looking into a new development going up this year, and I'm totally out of my wheelhouse for new construction. I'll be looking into your team/bank in the near future for sure!
Thanks for bringing Anthony on the show Chris. I can tell he really enjoys helping people. This product is a no-brainer.
He is a good guy
Todd - thank you so much for the compliment! The fact that we only work with people when we believe that it will help them is a huge driver for me. Chris - I totally agree with Todd, thank you for having me on, it was great!!!
Great idea ! I tried to schedule an appointment, but unfortunately Hawaii does not provide the opportunity for this type of service. I will continue to do the process manually. 😩
All I can say is..."WATCH IT AGAIN!"
@ WHY!
@Paka6267 - I'm sorry about that, you're correct, we can't do First Lien HELOCs in Hawaii. That being said, I think there's a group in Hawaii that specifically does this and may have a Hawaii bank that can help.
@@AnthonyRushing-q1j That is good news. If you have more information about this specific group and bank, it would be greatly appreciated. Thanks!
I was going to go with you for a 1st lein heloc. A very good salesman from another company convinced me to go with their company. I've only had it for a month and a half and it's already been sold off to another company. There's no checking account associated like they promised. I was lied to at basically every step of the process. I should have gone with your company.
that sucks and does not sound like a true 1st lien heloc system
@evilevon - I'm not a very good salesman.....but we are pretty successful because we are honest, have a great product, and know it extremely well. Would you be up for hopping on a call to chat about what we have? It may not make sense to come over here, but it might be worth a conversation about it. If so, shoot me an email at anthony @ firstlienheloc . com
How does it work if all disposable money (money that is saved) goes into high cash value whole life insurance -premiums, policy loans. There’s nothing extra at the end of the month.
You can borrow against it and put it back into the HELOC. They key would be then investing it in something that is paying you a spread on your investment.
Depends if you have debt or
not, pay other debt before paying off mortgage, you will dig yourself in a hole, remember you have policy loans with interest that compounds yearly. 2nd lien might work better in your situation, it could provide some breathing room if paying off other debt and policy loans
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio....
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days.....
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert Williams Owen
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things.
Robert demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit.
Hi I met both of you in Nashville 😊, I'm wondering if someone can mimic your program? We have a second lien in Texas. I think we have enough to payoff the mortgage which would roll the second position to first. Then put everything we can into the first position.
@lesliemaness999 - that's awesome! That was a great conference! You could definitely do this. You'd just want to make sure that you have enough equity in the second (now first) to cover for any emergencies while you build-back up your equity as you pay it down.
can i get a first lean heloc on an investment property?
Doesn’t have to be paid off. 80%LTV limit
Unfortunately we are unable to do investment properties at this time. We're working with the bank to make it available sometime soon (Hopefully....) Would you consider one on your primary residence? I didn't go into the weeds with this, but there's a way to leverage the HELOC on a primary to not just pay off the primary's debt, but to also pay off holistic portfolio debt while also maintaining liquidity. I'd be happy to help you figure out if it would be good for your situaiton.
Hey I just applied for it just last week and with First Savings Bank .
Awesome!!!!
Bummer. Not available in Texas.
Yes Texas is a weird state for mortgages Homestead
@@TheChrisNaugle Agreed. Texas specifically has laws about HELOCs as well which counter with how our product works.
I’m in Texas and also bummed now. Is it possible to do something similar via PMC?
I challenge Anthony to show what’s better. First lien heloc or 2nd mortgage heloc doing the chunking method
so if i put in a lump sum at the opening of my whole life how much of that lump sum can i pull out?
A check to check person could be helped it would just start rolling slower
We are going to pay our 30 year mortgage on 3 years with this strategy.
@valrons566 - Thank you for sharing your success!! 3-years is an amazing payoff timeline, even with the First Lien HELOC!
Great stuff! Is the Scheduling Link correct? Chris Naugle's name isn't spelled correctly? *Smiles* Thank you! Happy New Year!
Thanks for the heads up! I just fixed it.
Why do you keep talking about talking about and the talk about amortization instead of showing the numbers then you talk about the rules but never showing anything that makes it clear! WTF!
18 minutes in to this and you have shown nothing so I am getting off now
When will you show something so far you are still talking about what you are talking about. WTF!
Goodbye...