On today’s episode, we’ll discuss the ins and outs of velocity banking and also revisit the math behind amortization schedules for refinancing.
Topics Discussed:
- How to know if it’s still worth refinancing.
- How to better understand an amortization schedule and paying interest on a loan.
- What the goal is when it comes to paying down loans.
- Refinancing options and strategies to consider.
- Why you might want to restart your loan term and how that works.
- What velocity banking is and the process it takes to apply it to your payments.
- The appeal of velocity banking and how the numbers actually shake out.
Resources Mentioned:
Tags
velocity banking, mortgage rates, lending opportunities, refinancing, mortgage, loans, amortization schedule, ER doc, emergency medicine,
