How Does a Sweep Account In A HELOC Work To Save You Interest?

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  • Опубликовано: 13 дек 2024

Комментарии • 15

  • @tompeebles6273
    @tompeebles6273 6 месяцев назад +3

    If your lender does not offer a sweep service, you can deposit into your savings to shield from pending debit charges from checking, and sweep on your own.

  • @cecilioramirez9967
    @cecilioramirez9967 3 дня назад

    Thank you very much.

  • @wolfmanracquetball
    @wolfmanracquetball 28 дней назад

    Very informative video thank you very much guys.

  • @An7orcha
    @An7orcha 4 месяца назад +2

    Positive comment❤

  • @jimdefazio8649
    @jimdefazio8649 6 месяцев назад +3

    And it just adds to your liquidity and really doesn’t hurt your cash flow much if any right? And probably even increases your cash flow because you’re paying off a loan payment (and eliminating that debt payment so increasing cash flow) while satisfying the payment of the help while dumping you’re income on each month. You’ll owe interest charges but each month that will go down increasing cash flow?

  • @stoldgarjax7729
    @stoldgarjax7729 6 месяцев назад +1

    Wish I knew a bank that offers these. I drive for Uber and I have a heloc with pen fed.

  • @rolandosouffrain7957
    @rolandosouffrain7957 5 месяцев назад +1

    Can i get a heloc on a rental property?

  • @ClydeVisser
    @ClydeVisser 6 месяцев назад +2

    Positive comment. ;-)

  • @LivinginOregonandWashington
    @LivinginOregonandWashington 3 месяца назад

    What if I am on a variable income as a realtor?

    • @ReplaceYourUniversity
      @ReplaceYourUniversity  2 месяца назад

      Doesn't really matter. All it means is the months where your commission checks are lean, you are not doing as much damage. But the months you crush it, you crush your balance and interest that accrues.